Russia's Nornickel says it is in active talks on China JV

Reuters
02-11
Russia's Nornickel says it is in active talks on China JV

MOSCOW, Feb 11 (Reuters) - Russia's Nornickel GMKN.MM, a major world producer of refined nickel and palladium, said on Tuesday it is in active talks on a joint venture in China.

It did not give further details of the talks.

Two sources with knowledge of the matter told Reuters in December that Nornickel and Chinese conglomerate Xiamen C&D 600153.SS were in talks to create a JV in China to process Nornickel's copper raw material into metal.

(Reporting by Anastasia Lyrchikova; Writing by Anastasia Teterevleva; Editing by Jan Harvey)

((moscow.newsroom@thomsonreuters.com;))

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