[Ferro-Alloys.com] 

Nornickel to restart furnace at key smelter in early August

Russian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman told Reuters on Friday.

The completion of repairs suggests that the company has found ways to overcome problems caused by Western sanctions, which had previously delayed the import of necessary equipment.

Nornickel stated in January that it expected a further decline in nickel and palladium output this year, due to adverse geopolitical risks and the furnace repair.

Nornickel confirmed its full-year forecast in April, although it did not provide estimates on the impact of new sanctions on its production.

• [Editor:邢亚敏]