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Норильский никель в федеральных и зарубежных сми

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«Norilsk Seeks to Double China Market Share, Sell Metal to ETF». В интервью заместитель Гендиректора – руководитель сбытового отраслевого комплекса В.Спрогис заявил, что «Норильский никель» стремится увеличить поставку никеля в Китай с 20% до 40%, не уточнив временной интервал. В то время как спрос на металл растет со стороны финансовых инвесторов, российская компания также готова предложить медь и никель фондам, которые держат их как инвестиции, сказал он. (sfgate.com. 07.10.10, China Daily. 08.10.10)



Oct. 7 (Bloomberg) -- OAO GMK Norilsk Nickel, the world's biggest supplier of the metal, plans to double its share of the Chinese market as profit from sales to Asia's largest economy outstrips earnings in Europe.

Norilsk seeks to provide as much as 40 percent of China's nickel imports, up from 20 percent, Deputy Chief Executive Officer Victor Sprogis said in an interview in Moscow, without giving a timeframe. As demand for metal grows from financial investors, the Russian company is also ready to offer copper and nickel to funds that hold them as investments, he said.

"We'd like our share in China to grow because it is the most dynamic market and we see that pace continuing next year," Sprogis said. "China's growth is underpinned by demand at the end-user level. Europe's demand is led by restocking, he said.

Russia's increasing commodity exports to China are helping the two forge what President Dmitry Medvedev called their "best ties" historically. Medvedev visited China last month to oversee the signing of orders to supply the East Asian country with oil, coal and nuclear reactors. Norilsk CEO Vladimir Strzhalkovsky, accompanying Medvedev, said China bought a record 25 percent of the company's output last year, which includes copper, cobalt and palladium.

Chinese Imports

China imported 247,032 metric tons of unwrought nickel, a metal used in batteries and stainless steel, last year, according to data compiled by Bloomberg. About 74 percent of Russia's exports to China were natural resources, while 68 percent of Chinese imports to Russia were machines and technical equipment, according to the Federal Customs Service in Moscow.

Increasing traffic to China spurred Norilsk to send one of its five ice-breaker ships on a maiden voyage to Shanghai via the northern, Arctic Sea route last month. The trip cuts the time of delivery from Norilsk factories, located above the Arctic Circle, by more than a month compared with the current route to China via Europe.

Russia's largest mining company will divert some metal from the European market to meet China's appetite, Sprogis said, adding that Europe will remain its biggest sales space for now. Norilsk, which generally aims to provide 20 percent of a country's nickel imports, in line with its global market share, is raising that target for China and India, he said, without saying what it will be for India.

"Now we can say that our deliveries to China are as economically effective as our sales to Europe and in some cases even more so," Sprogis said Oct. 4 at Norilsk's head office in Moscow.

Prices Climb

This year's 32 percent rally in the price of nickel, which accounts for about half of Norilsk's revenue, may continue as the company sees a "positive price trend" at least through the end of the first quarter of 2011, Sprogis said.

Prices gained after the global economic recovery bolstered demand and some producers were forced to rein in output. Vale SA, the world's fourth-biggest nickel company, suffered strikes at its Sudbury and Voisey's Bay projects in Canada this year.

"We judge the outlook for the nickel market for the next three to six months to still be positive given the slow ramp-up of new nickel projects coming next year and the strong recovery of stainless-steel production worldwide, especially in the Asia market," Bonnie Liu, an analyst at Macquarie Securities, said in an Oct. 4 report.

Norilsk is "well positioned" to benefit from rising prices, Otkritie Securities Ltd. said in July. "Strong demand from China and a gradual recovery of western economies will support further base-metals prices growth," the brokerage said in a note.

Metal-Holding ETFs

Consumer demand is being underpinned by that of financial investors, whose interest will only grow, Sprogis said. That allows for the creation of so-called exchange-traded funds in nickel and copper, and Norilsk is ready to supply them with metal, he said. That would broaden the range of metal-holding ETFs, currently centered on gold and palladium.

ETFs are art-based investment products that allow traders to buy or sell shares of entire portfolios of stock in a single security. United Co. Rusal, owner of 25 percent of Norilsk and the world's biggest aluminum producer, has said ETFs owning aluminum may appear as early as this year.

"The entities trying to set the ETFs up are trying to figure out right now how interesting these products will be; will they have enough liquidity?" Sprogis said. "Since ETF metal holdings are transparent, we would be happy to work with those funds."

Copper Volatility

The 36 percent jump in copper prices over the past 12 months to $8,250 a metric ton leaves Norilsk less optimistic, on concern the price is too volatile. The company provides about 3 percent of global supply and seeks to get 35 percent of its revenue from the metal by 2025, up from 26 percent last year.

"If we see that the price is many times above the cost of production, it cannot be considered stable," Sprogis said. "I'm not sure the market's financial participants have enough experience to consider the consequences of market instability."

A commodity that may help Norilsk diversify risks is potash, Sprogis said. "Diversification is interesting, and potash would be no less interesting for us because it doesn't correlate with our main metals."

Interest in producing potash, a form of potassium used in fertilizer, has risen as an expanding global population boosts demand for food, putting strain on crops. Russia, Belarus and Canada hold 80 percent of the world's potash reserves.


«Nickel supplier to double share». (China Daily. 08.10.10)

OAO GMK Norilsk Nickel, the world's biggest supplier of the metal, plans to double its share of the Chinese market as profit from sales to Asia's largest economy outstrips earnings in Europe.

Norilsk seeks to provide as much as 40 percent of China's nickel imports, up from 20 percent, Deputy Chief Executive Officer Victor Sprogis said on Thursday, without giving a timeframe. As demand for metal grows from financial investors, the Russian company is also ready to offer copper and nickel to funds.