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Nornickel's logo with a backdrop of nickel and palladium metals - Global Banking & Finance Review
The featured image showcases Nornickel's logo, symbolizing its pivotal role in the nickel and palladium markets. This relates to the article about Nornickel's active negotiations for a joint venture in China, potentially impacting global finance.
Finance

Russia's Nornickel says it is in active talks on China JV

Published by Global Banking & Finance Review

Posted on February 11, 2025

1 min read

· Last updated: February 11, 2025

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Nornickel Engages in China JV Discussions with Xiamen

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)

Key Takeaways

  • Nornickel is in talks for a joint venture in China.
  • The JV aims to process Nornickel's copper raw material.
  • Nornickel plans to sell its entire production by 2025.
  • A global nickel surplus of 150,000 tons is expected in 2025.
  • The global palladium market is expected to balance this year.

Frequently Asked Questions

What is the main topic?
The article discusses Nornickel's active talks for a joint venture in China with Xiamen C&D to process copper raw material.
What are Nornickel's future plans?
Nornickel plans to sell its entire production by 2025 and anticipates a global nickel surplus.
What is the expected market condition for palladium?
Nornickel expects the global palladium market to be balanced this year.

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