03
Aug
14:53
Nornickel’s revenue stable in H1, outlook positive
Russian miner Nornickel’s consolidated revenue was stable in the first half of 2022 amid lower overall metal sales volume owing to logistical disruptions.
For the rest of the year, the enterprise expects nickel and copper market to swing to a surplus.
Revenue was flat on-year amounting to $9 billion, Kallanish notes. However, Ebitda decreased 16% to $4.8 billion owing to higher operating cash costs, driven mainly by increases in labour expenses and mineral…
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Anonymous
Very good overview of the weekly steel market.
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