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PJSC MMC Norilsk Nickel, the world’s largest producer of palladium and high grade nickel and a major producer of platinum and copper, has shut down its metallurgical shop at Kola MMC in Monchegorsk. The shop was shut down on March 20th 2021.
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Nornickel’s CEO Vladimir Potanin announced that the company will allocate 150 billion roubles (over $2 billion) to fund the needs of the Russian Arctic city of Norilsk – home to some of the company’s key operations.