Russian mining giant Nornickel increases production of nickel, copper and PGMs in 2022

Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Russias Norilsk Nickel (Nornickel), the worlds largest producer of palladium and high-grade nickel and a major producer of platinum and copper, reported today that in 2022, the company fully met its production guidance.

In a press release, the company said that the output of all key metals increased, with copper and platinum in line with the guidance, while nickel and palladium beating it.