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selling prices

OJSC «MMC» Norilsk Nickel «in the first half of 2010 to realize the full amount of nickel produced over 145 thousand tons, while the average selling price exceeded the world price of LME at $ 341 / t. In 2009, this surplus was $ 153 / ton. This was announced by the deputy general director of «Norilsk Nickel» Viktor Sproģis.

the entire volume of copper production has also been implemented in the first half of the year, except for volumes, which were not delivered due to annual flooding in Dudinka, said Mr. Sproģis. According to him, this copper is not shipped as a fully contracted and is now available to customers. The selling price in the 1st half-year sales of copper exceeded the world average of $ 86 / ton versus $ 94 / t in 2009

The average selling price of palladium correspond to the average prices for semi-annual LPPM, platinum — down $ 14 per ounce.

In addition, the deputy general director said that «Norilsk Nickel» confident in the investment attractiveness of the palladium and the prospects for growth in demand for this metal. «We see no objective justification for palladium to be cheaper than gold» — he said. According to him, the company is a long-term and systematic work on the promotion of this metal, in particular for use in the jewelry industry. «While on palladium alloys do not have so many as on platinum, but they are produced and widely available jewelers», — said Victor Sproģis.

He stressed that more than 90% of the company's customers are end users of its products. OJSC «MMC» Norilsk Nickel «- a diversified metals and mining company, the world's largest producer of nickel and palladium, a leading producer of platinum, cobalt, copper and rhodium. Company also produces gold, silver, iridium, osmium, selenium, ruthenium, and tellurium. According to the company, it is now a major supplier of nickel in India and China. «Norilsk Nickel» takes about 20% of world refined nickel market and more than 40% of global palladium market.

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