Reserve Revision for Cobalt in Russia
Cobalt reserves in Russia revised to 250,000 tons based on updated industry data.
Russia production
Market intelligence
Cobalt reserves in Russia revised to 250,000 tons based on updated industry data.
Nornickel decommissioned its Polar Division nickel smelter and ceased cobalt ingot and oxide production in 2016.
OJSC MMC Norilsk Nickel acquired OM Group’s nickel assets, including the Cawse operations in Western Australia and the Harjavalta nickel refinery in Finland, in 2007, changing ownership of cobalt production assets.
Norilsk Nickel acquired LionOre Mining International Ltd. and its three nickel sulfide operations in Western Australia (Black Swan, Lake Johnston, and Waterloo) in 2007, adding cobalt-producing assets to its portfolio.
Norilsk Nickel acquired a 51% stake in Stillwater Mining Co., expanding its U.S. cobalt mining assets.
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