Why climate change issues are important
to the Company
Improving the reliability of facility
operations
Global warming issues are of particular
relevance to Nornickel, as the Company’s core production and energy assets
are located within the Arctic zone. According to the scientific
community, the average surface temperatures in the Arctic are rising
three to four times faster than the global average, posing additional operational
risks. In the Company’s view, the primary threat stems from permafrost
thawing in the Arctic, which undermines the stability of building and
structure foundations. To assess the impact of permafrost thawing processes,
Nornickel has deployed a monitoring system. For more details, please see the
Permafrost Monitoringsub‑section.
Supporting global energy transition
A report by the Intergovernmental
Panel on Climate Change (IPCC)IPCC, 2023: Climate Change 2023:
Synthesis Report. Summary for Policymakers.shows that achieving the Paris Agreement
goal will require a drastic reduction in GHG emissions by 2050.
The greatest potential for GHG emission reductions has been identified
in the energy, transport, and construction sectors.
Nornickel already supplies four
of the nine categories of critical green metals
to the global market and is planning to develop a lithium
deposit.
Nornickel’s metals
Copper
Nickel
Cobalt
PGMs
Lithium
REE
Chromium
Zinc
Aluminium
Solar power
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Wind power
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Hydropower
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Concentrated solar power
systems
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Bioenergy
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Geothermal power
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Nuclear power
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Power transmission lines
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Electric vehicles and
batteries
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Hydrogen energy
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Relative importance of metals and
minerals for various clean energy technologies:
High: ●
Medium: ●
Low: ●
Position in the industryFor palladium and platinum markets –
in terms of refined metals production (including tolling arrangements),
for the copper market – in terms of mining production
(globally). For the nickel market – in terms of metal nickel
production.
In addition, Nornickel is expanding
its portfolio of innovative products to support the low‑carbon
transition. The Company has established the Palladium Centre, which develops new
palladium‑based products for hydrogen and solar energy, aviation fuel, and electrified
transport. In the long term, more than 100 new palladium‑containing materials
are planned to be brought to market.
The Battery Technology Centre was also
established to develop nickel‑containing cathode active materials (CAMs) – a key
component in modern batteries. The first samples of cathode materials
for NCM 811+ chemistry have already been produced, with plans for further product
innovation in place. For more details, please see the Product Portfolio Diversificationsection.
