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Nornickel COO backs Ni price split

Norilsk Nickel’s chief operating officer has backed a split in the nickel price, saying the demand for class 1 would push the market into separating the higher-grade product.

Nornickel COO backs Ni price split Nornickel COO backs Ni price split Nornickel COO backs Ni price split Nornickel COO backs Ni price split Nornickel COO backs Ni price split

Picking up? Some analysts say nickel prices need to hit $26,000/t to encourage new development, but a price split could supercharge this move

Sergey Dyachenko, speaking to Mining Journal before Monday's investor presentation, said a lack of investment in class 1 projects meant suppliers could put a big premium on the product.