Norilsk Nickel Announces Plunge in Profit

Posted in Industry News on 27th October 2009

William Rowland are a leading supplier of Nickel.

Russia's largest base and precious metals miner Norilsk Nickel have seen its net profit in the first six months of 2009 plunge 84% from the previous year, according to a recent statement released by the company.

Norilsk Nickel cited that the main reason for such a big downturn in profit was due to global commodity market prices being significantly lower than in 2008. In response to the decline, the company is acting swiftly to help conquer further losses and stabilise future income by implementing a program which will help cut expenditure, optimise production and stringently control purchases.

As Russia's largest mining and metallurgical company, Norilsk Nickel accounts for more than 20% of global nickel output and relies on the alloy metal for more than 50% of it's overall sales.

William Rowland Ltd are nickel suppliers, and if you would like to find out how we can meet your requirements, please contact us using the Quick Enquiry Form on the right-hand side of this website.

Tags: High Purity Metals News, Metal Powders News, Nickel News