Published by Global Banking & Finance Review®
Posted on February 11, 2025
1 min readLast updated: January 26, 2026
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Nornickel is negotiating a joint venture in China with Xiamen C&D to process copper. The company plans to sell all production by 2025, anticipating a nickel surplus.
MOSCOW (Reuters) - Russia's Nornickel, a major world producer of refined nickel and palladium, said on Tuesday it is in active talks on a joint venture in China.
It did not give further details of the talks.
Two sources with knowledge of the matter told Reuters in December that Nornickel and Chinese conglomerate Xiamen C&D were in discussions to create a JV in China to process Nornickel's copper raw material into metal.
Nornickel also repeated on Tuesday that it plans to sell its entire production in 2025.
The company said on Monday it saw a global nickel surplus of 150,000 tons in 2025 and expected the global palladium market to be in balance this year.
(Reporting by Anastasia Lyrchikova; Writing by Anastasia Teterevleva; Editing by Jan Harvey)
The article discusses Nornickel's active talks for a joint venture in China with Xiamen C&D to process copper raw material.
Nornickel plans to sell its entire production by 2025 and anticipates a global nickel surplus.
Nornickel expects the global palladium market to be balanced this year.
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