In 4Q17, consolidated nickel production increased 11% quarter-on-quarter (q-o-q) to 60 kt. The growth was mainly attributed to the increase in processing of nickel matte shipped from Polar division to Kola refining to meet production targets.

In 2017, consolidated nickel production reduced 8% year-on-year (y-o-y) to 217 kt. The decrease was driven primarily by the reduction of low-margin processing of third parties feed at Norilsk Nickel Harjavalta due to the downstream reconfiguration. Nickel output from the Company’s own Russian feed increased 7% y-o-y to 210 kt in line with 206-211 kt production target.

• [Editor:王可]