Asia became the main sales market for Norilsk Nickel for the first time
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The world’s largest producer of palladium and high-grade nickel, Norilsk Nickel, generated almost half of its revenue in the first half of 2023 from sales of its products in Asia. The company announced this on August 2. Thus, the region became the main sales market for the company for the first time in its history.
Norilsk Nickel’s IFRS consolidated revenue for the first half of 2023 decreased by 20% year-on-year to $7.16 billion, the report said. The company successfully redirected sales flows to friendly countries and doubled its sales in Asia in the first half of the year, explained Vladimir Potanin, president and largest shareholder of Norilsk Nickel (his words are given in the release).
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