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 12:21 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 3,369B 36.05B 33.41B 30.4B 57.36B 3,849B 58.28B 402B 157B 2,008B 152B 149B 6,403B	P/E 2024	30.9x	P/E 2025	20.8x
Enterprise Value	49.69B 4,128B 44.17B 40.94B 37.25B 70.29B 4,716B 71.42B 492B 193B 2,461B 186B 183B 7,845B	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

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GMKN

RU0007288411

Specialty Mining & Metals

Valuation: Nornickel ADR

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Managers and Directors: Nornickel ADR

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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	-0.59%	+0.93%	+58.03%	+203.54%	170B
FREEPORT-MCMORAN INC.	-0.74%	-2.25%	+66.72%	+96.16%	101B
CMOC GROUP LIMITED	-0.56%	-4.27%	-2.51%	+175.09%	48.83B
ANTOFAGASTA PLC	-0.76%	-5.69%	+22.52%	+143.38%	44.76B
FIRST QUANTUM MINERALS LTD.	-1.60%	-2.88%	+11.59%	+19.10%	21.81B
JX ADVANCED METALS CORPORATION	-0.29%	-13.93%	+52.57%	-	18.78B
PT AMMAN MINERAL INTERNASIONAL TBK	-14.81%	-11.79%	-48.41%	-43.33%	17.72B
KGHM POLSKA MIEDZ	-2.07%	-1.25%	+70.43%	+197.07%	16.63B
SUMITOMO METAL MINING CO., LTD.	+2.03%	-5.18%	+66.38%	+105.21%	14.62B
Average	-1.92%	-5.30%	+29.73%	+99.58%	48.59B
Weighted average by Cap.	-1.16%	-2.75%	+41.17%	+136.52%

	2024	2025
Net sales	12.54B 1,041B 11.14B 10.33B 9.4B 17.73B 1,190B 18.02B 124B 48.67B 621B 47.04B 46.04B 1,979B	13.76B 1,143B 12.23B 11.34B 10.32B 19.47B 1,306B 19.78B 136B 53.44B 682B 51.65B 50.55B 2,173B
Net income	1.31B 109B 1.17B 1.08B 984M 1.86B 125B 1.89B 13B 5.1B 65.03B 4.93B 4.82B 207B	1.95B 162B 1.73B 1.6B 1.46B 2.75B 185B 2.8B 19.28B 7.56B 96.43B 7.31B 7.15B 307B
Net Debt	8.59B 713B 7.63B 7.07B 6.44B 12.15B 815B 12.34B 85.03B 33.34B 425B 32.22B 31.54B 1,356B	9.14B 759B 8.12B 7.53B 6.85B 12.93B 867B 13.13B 90.5B 35.48B 453B 34.29B 33.56B 1,443B

5 years	145		240.5
10 years	76.77		281.14