Norilsk Nickel is the world's leading producer of nickel and palladium. The group also produces and sells silver and copper. Net sales break down by activity as follows: - sale of metals (94.8%): palladium (39% of net sales), copper (22.2%), nickel (21.2%), rhodium (6.2%), platinum (4%), gold (3.8%) and other (3.6%); - other (5.2%): primarily electricity production and transportation and logistics services.

Employees

Sector

Specialty Mining & Metals

More about the company

Analysis / Opinion

Nornickel: Despite all geopolitical issues, the underlying strength is real

September 18, 2026 at 01:21 pm

More analyses

Annual profits - Rate of surprise

Rate of surprise - EPS - Annual - Nornickel ADR

Company calendar

Market Closed - London S.E. 24/08/2022			5-day change	1st Jan Change
9.587 ^USD	+5.36%		-.--%	-

09-18	Nornickel: Despite all geopolitical issues, the underlying strength is real
09-09	A balanced copper exposure trumps the often-chased pure-play one

Market Cap	40.55B 36.23B 33.81B 30.71B 57.83B 3,923B 58.26B 406B 159B 1,995B 152B 149B 6,414B	P/E 2024	30.9x	P/E 2025	20.8x
Enterprise Value	49.69B 44.4B 41.42B 37.63B 70.86B 4,807B 71.39B 498B 194B 2,445B 187B 183B 7,859B	EV / Sales 2024	3.92x	EV / Sales 2025	3.61x
Free-Float	37.98%	Yield 2024 *	-	Yield 2025	-

09-18	Nornickel: Despite all geopolitical issues, the underlying strength is real
09-09	A balanced copper exposure trumps the often-chased pure-play one
08-31	Nornickel: 2026: A long-awaited reminder of Russian metals' might
08-26	Russia's Nornickel recommends 6-month dividend of 1.85 roubles a share	RE
08-26	Russia's Nornickel says board recommends 6-month dividend of 1.85 roubles per share	RE
08-17	Aluminium vs. Copper: an interesting battle is underway
07-31	Russia's Nornickel doubles H1 net profit, says it will discuss interim dividend	RE
07-31	Nornickel H1 net profit doubled to $2 billion, company says	RE
07-31	Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel Reports Earnings Results for the Half Year Ended June 30, 2026	CI
07-28	An unusual yet intriguing pair trade opportunity
06-25	Copper miners cave in, but the rest seem collateral damage
06-24	Russia's copper concentrate output seen up 10% in 2026, Nornickel says	RE
06-23	Russia's Norilsk Nickel sees 2026 global palladium surplus of 0.3 million ounces	RE

09-23	Are Russian metals returning to the West-
09-18	Nornickel: Despite all geopolitical issues, the underlying strength is real
09-09	A balanced copper exposure trumps the often-chased pure-play one
08-31	Nornickel: 2026: A long-awaited reminder of Russian metals' might
08-17	Aluminium vs. Copper: an interesting battle is underway

Nornickel ADR Stock London S.E.

Stocks

MNOD

Specialty Mining & Metals

Valuation: Nornickel ADR

Latest news: Nornickel ADR

Analysts' recommendations: Nornickel ADR

Press Releases: Nornickel ADR

News in other languages: Nornickel ADR

Quotes and Performance

Price Extremes

Managers and Directors: Nornickel ADR

Other Specialty Mining & Metals

Financials

Company Profile

Analysis / Opinion

Annual profits - Rate of surprise

10-01	Nornickel : Shareholders of Norinickel approved interim dividend for 6m2026	PU
09-23	Size matters: Nornickel releases large sturgeon juveniles in Dudinka	PU
09-10	Nornickel : launches five unique wells at the Pelyatka gas field	PU
09-07	Nornickel : and BelAZ agree to establish a joint venture	PU
08-11	High Court Orders Russian Oligarch Vladimir Potanin To Disclose Documents Held By Norilsk Nickel In Major Commercial Dispute	AQ

04-23	La fortune des milliardaires russes a augmenté de 11% en un an, malgré la guerre et les sanctions-Forbes
04-23	Magazin: Russische Milliardäre steigern Vermögen auf Rekordwert
01-28	Rusa Nornickel prevé una producción de níquel de entre 193.000 y 203.000 toneladas en 2026
01-27	Cinese Anta Sports compra 29% Puma per 1,5 mld euro ma non punta al 100%
21/02/25	Putin dice que Rusia debe acelerar sus planes de extracción de litio

Manager	Title	Age	Since
Vladimir Potanin CEO	Chief Executive Officer	65	17/12/2012
Sergey Malyshev DFI	Director of Finance/CFO	57	21/03/2013
Evegeny Fyodorov COO	Chief Operating Officer	48	29/09/2025

Director	Title	Age	Since
Sergei Batekhin BRD	Director/Board Member	61	01/01/2020
Marianna Aleksandrovna Zakharova BRD	Director/Board Member	50	01/06/2010
Andrey Bugrov CHM	Chairman	74	03/06/2022

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5-day change	1-year change	3-year change	Capi.($)
NORNICKEL ADR	+5.36%	-.--%	-	-	31.84B
SOUTHERN COPPER CORPORATION	-1.81%	-0.98%	+60.41%	+196.28%	172B
FREEPORT-MCMORAN INC.	-0.96%	+1.51%	+78.22%	+95.96%	104B
CMOC GROUP LIMITED	+0.78%	+0.78%	+7.52%	+185.62%	51.69B
ANTOFAGASTA PLC	-3.58%	-1.96%	+37.76%	+166.96%	50.13B
NORNICKEL ADR	+1.03%	-.--%	-.--%	-.--%	31.84B
SOCIEDAD MINERA CERRO VERDE S.A.A.	-1.51%	+0.54%	+60.74%	+131.95%	24.2B
FIRST QUANTUM MINERALS LTD.	-3.58%	+0.76%	+22.60%	+25.02%	23.27B
JX ADVANCED METALS CORPORATION	-0.76%	+6.21%	+81.94%	-	23.01B
JIANGXI COPPER COMPANY LIMITED	-0.36%	+1.40%	-5.17%	+186.28%	18.8B
Average	-0.57%	+0.59%	+38.22%	+123.51%	55.51B
Weighted average by Cap.	-1.00%	+0.59%	+49.31%	+144.97%

	2024	2025
Net sales	12.54B 11.2B 10.45B 9.49B 17.88B 1,213B 18.01B 126B 49.06B 617B 47.06B 46.04B 1,982B	13.76B 12.3B 11.47B 10.42B 19.63B 1,331B 19.77B 138B 53.86B 677B 51.67B 50.55B 2,177B
Net income	1.31B 1.17B 1.09B 994M 1.87B 127B 1.89B 13.15B 5.14B 64.6B 4.93B 4.82B 208B	1.95B 1.74B 1.62B 1.47B 2.78B 188B 2.8B 19.5B 7.62B 95.79B 7.31B 7.15B 308B
Net Debt	8.59B 7.67B 7.16B 6.5B 12.24B 831B 12.34B 86.01B 33.6B 422B 32.23B 31.54B 1,358B	9.14B 8.16B 7.62B 6.92B 13.03B 884B 13.13B 91.54B 35.76B 450B 34.31B 33.56B 1,445B

5 years	0.4		33.42
10 years	0.4		38.21