Norilsk Nickel (Nornickel) reported its third-quarter 2025 nickel production at around 53,600 tons, up by 18.4% compared to the previous quarter but falling by 4% from the same period a year ago. The quarter-on-quarter growth was attributed to an increase in the processing of semi-finished materials accumulated in the second quarter.

In the first three quarters of this year, Nornickel’s nickel production totaled 140,000 tons, down by 4% year on year.

Nornickel maintains its 2025 nickel output guidance of 196,000-204,000 tons.

In terms of copper, the output in the third quarter reached 100,105 tons, a quarter-on-quarter drop of 4% and a year-on-year fall of 7%. The cumulative copper production for the nine months was 313,300 tons, a 4% decline compared to the same period last year.

The company targets 343,000-355,000 tons in copper production for this year.