Home High palladium price helps break fall in Nornickel's 2020 profit Nornickel’s annual profit fell by 39% in 2020, despite a 15% increase in its revenues compared with 2019, according to financial results issued by the Russian miner on Tuesday February 16. Nornickel posted a net profit of $3.634 billion for 2020, down from $5.966 billion in 2019. Strong commodity prices, especially that for palladium, helped Nornickel end the year with a better bottom line than at mid-2020. The multi-metal miner and smelter surrendered 98.5% of its first-half profit in 2020 to cover costs from a massive oil leak in the... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Orla O'Sullivan February 17, 2021 06:21 GMT New York Keywords Nornickel 2020 financial results profit fell palladium copper oil spill Arctic NTEC nickel platinum gold rhodium cobalt Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
