Support The Moscow Times!

Norilsk Growing in China

Norilsk Nickel said Wednesday that Chinese customers bought a record 25 percent of its production volume last year. The company plans to cut transportation costs for shipments to China “significantly” using a new Arctic shipping route, chief executive Vladimir Strzhalkovsky said in Shanghai.

Meanwhile, RusAl, which owns 25 percent of Norilsk, has filed suit in Krasnoyarsk seeking to overturn a vote at the Norilsk shareholders meeting in June that left it with only three board seats. 

(Bloomberg)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.