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.

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Specialty Mining & Metals

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

September 18, 2026 at 01:21 pm

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End-of-day quote Moscow Micex - RTS 08/07/2022			5-day change	1st Jan Change
167.20 ^RUB	+1.03%		-.--%	-

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 3,451B 36.22B 33.69B 30.65B 57.86B 3,925B 58.11B 406B 159B 2,001B 152B 149B 6,421B	P/E 2024	30.9x	P/E 2025	20.8x
Enterprise Value	49.69B 4,229B 44.38B 41.28B 37.55B 70.9B 4,809B 71.21B 497B 195B 2,452B 187B 183B 7,868B	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

Stocks

GMKN

RU0007288411

Specialty Mining & Metals

Valuation: Nornickel ADR

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Managers and Directors: Nornickel ADR

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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	+1.03%	-.--%	-.--%	-.--%	31.84B
SOUTHERN COPPER CORPORATION	+5.31%	+1.79%	+66.57%	+208.00%	177B
FREEPORT-MCMORAN INC.	+3.58%	+2.29%	+70.15%	+100.08%	106B
CMOC GROUP LIMITED	+3.67%	+2.01%	-0.29%	+187.96%	52.61B
ANTOFAGASTA PLC	+4.58%	-0.84%	+36.30%	+172.60%	49.18B
FIRST QUANTUM MINERALS LTD.	+3.19%	-0.66%	+20.17%	+29.05%	22.69B
JX ADVANCED METALS CORPORATION	+0.11%	+0.28%	+69.53%	-	21.75B
JIANGXI COPPER COMPANY LIMITED	+1.96%	+1.34%	-12.76%	+184.91%	18.98B
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	-1.39%	-3.05%	+161.27%	+450.38%	17.39B
PT AMMAN MINERAL INTERNASIONAL TBK	+4.01%	+4.01%	-40.41%	-31.36%	17.85B
Average	+2.61%	+0.51%	+37.05%	+144.62%	51.48B
Weighted average by Cap.	+3.74%	+1.24%	+48.11%	+156.50%

	2024	2025
Net sales	12.54B 1,067B 11.2B 10.41B 9.47B 17.89B 1,213B 17.96B 125B 49.11B 618B 47.07B 46.04B 1,985B	13.76B 1,171B 12.29B 11.43B 10.4B 19.64B 1,332B 19.72B 138B 53.92B 679B 51.68B 50.55B 2,179B
Net income	1.31B 112B 1.17B 1.09B 992M 1.87B 127B 1.88B 13.13B 5.14B 64.79B 4.93B 4.82B 208B	1.95B 166B 1.74B 1.62B 1.47B 2.78B 188B 2.79B 19.47B 7.63B 96.07B 7.31B 7.15B 308B
Net Debt	8.59B 731B 7.67B 7.13B 6.49B 12.25B 831B 12.3B 85.85B 33.64B 424B 32.24B 31.54B 1,360B	9.14B 778B 8.16B 7.59B 6.91B 13.04B 884B 13.09B 91.37B 35.8B 451B 34.32B 33.56B 1,447B

5 years	145		240.5
10 years	76.77		281.14