Nornickel — Norilsk

Russia · Integrated · Operating

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RU · RussiaEurasiaOperatingIntegrated

Nornickel — Norilsk

World's largest palladium and Class-1 nickel producer. Western OFAC sanctions in place.

ESG score
31
0–100
Annual capacity
220k t/y
nameplate
Established
1935
91 years
FEOC status
FEOC
OFAC + EU + UK

Materials produced

NiHigh
Nickel — Class 1 (battery-grade)
USD / tonne18,900
PtModerate
Platinum
USD / oz1,184

Compliance signals

  • IRA §30D (US Treasury)Review required
  • EU CRMA strategic projectNot eligible
  • OFAC consolidatedSanctioned
  • UK HMT sanctionsClear
  • Beneficial ownershipVerified
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Certifications & standards

No third-party certifications on record.

Risk flags

  • OFAC sanctions
  • Sustained pollution litigation
Country risk context

Russia — sustained OFAC, EU and UK sanctions across rare earths, palladium, Class-1 nickel. Contracts grandfathered through Q2-2027.

Recent intelligence relevant to this supplier

2 items
  • 2026-05-25·Sanction·European Union
    EU 14th sanctions package: Norilsk Nickel partial restrictions extended

    Council Regulation (EU) 2026/823 extends import restrictions on Russian Class-1 nickel through Q2-2027. Existing long-term contracts grandfathered until 2026-12-31. EU OEMs accelerating substitution programs.

  • 2026-05-08·Geopolitics·Indonesia
    Indonesia formalizes raw-nickel export ban extension through 2030

    President signed Reg. 18/2026. Downstream value-addition mandate maintained. Chinese-built HPAL capacity now ~620ktpa Ni-eq, but ESG and FEOC issues block IRA qualification of most output.

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