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MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(MNOD)
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NORNICKEL'S PALLADIUM FUND LAUNCHES FIRST NICKEL AND COPPER ETCS ON LSE

06/17/2021 | 04:14am EDT
MMC Norilsk Nickel (MNOD) 
NORNICKEL'S PALLADIUM FUND LAUNCHES FIRST NICKEL AND COPPER ETCS ON LSE 
17-Jun-2021 / 11:12 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
PRESS RELEASE 
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" 
or the "Company") 
 
NORNICKEL'S PALLADIUM FUND LAUNCHES FIRST NICKEL AND COPPER ETCS ON LSE 
Moscow, June 17, 2021 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer 
of platinum and copper, announces that the Global Palladium Fund (GPF), founded by Nornickel, has launched Exchange 
Traded Commodities (ETC) for nickel and copper on the London Stock Exchange (LSE) giving markets unique access to 
low-cost base metals investment opportunities. 
The ETCs are attractively priced with the annual total expense ratios (TERs) of 0.85% for the copper ETC and 0.75% for 
the nickel ETC, making them the most cost-effective way for European-based investors to achieve exposure to the metals 
through an exchange-traded product as they seek to take advantage of the energy transition trend. 
The listings follow the launch of GPF's physically backed, low-cost gold, silver, platinum and palladium ETCs at the 
beginning of 2021. All six physically backed metal Exchange Traded Commodities (ETCs) list today on Borsa Italiana - 
the largest listing of its kind in over a decade. 
GPF is the first ETC issuer to use Blockchain technology to provide investors with enhanced transparency and security 
in their metal ETCs by recording bar information into distributed ledger technology. The new nickel and copper ETCs 
will track the respective LME cash prices. The metal backing GPF ETCs is stored in secure warehouses in Rotterdam. 
To strengthen ETC investor security, GPF uses IBM's Hyperledger Blockchain in the custody chain of the metal. By 
recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for 
investors using the ETCs. 
Anton Berlin, Nornickel Vice President, Sales and Distribution, commented: "We are excited to announce the launch of 
the GPF's new ETCs - the first physically backed nickel and copper exchange traded products to see the light of day. 
The new digital instruments is a great opportunity for investors to benefit from the rising demand for the base metals 
as the world is setting on the path towards a greener future." 
Alexander Stoyanov, Chief Executive Officer of the Global Palladium Fund, commented: "GPF is committed to democratising 
investment in precious and base metals.  The new physical copper and nickel ETCs benefit from our low pricing, enhanced 
transparency and security and sustainable supply source." 
 
ABOUT GLOBAL PALLADIUM FUND 
The Global Palladium Fund L.P. was established by Nornickel in 2016 with a three-fold objective, underpinning its role 
as the leading player in the global palladium industry. The fund's goal is to create an international financial 
platform for cooperation with major holders of existing stockpiles of palladium and other metals, promote industrial 
and investment demand for the metal, and reduce overall volatility of the palladium market. Discover more about the 
fund here. 
ABOUT NORNICKEL 
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of palladium and 
high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, 
iridium, ruthenium, selenium, tellurium, sulphur and other products. 
The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and 
Zabaykalsky Krai in Russia as well as in Finland and South Africa. 
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are traded over 
the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges. 
Media Relations:     Investor Relations: 
Phone: +7 (495) 785 58 00    Phone: +7 (495) 786 83 20 
Email: pr@nornik.ru     Email: ir@nornik.ru 
=---------------------------------------------------------------------------------------------------------------------- 
ISIN:          US55315J1025 
Category Code: MSCM 
TIDM:          MNOD 
LEI Code:      253400JPTEEW143W3E47 
Sequence No.:  111992 
EQS News ID:   1209183 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1209183&application_name=news 
 

(END) Dow Jones Newswires

June 17, 2021 04:13 ET (08:13 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
MINING AND METALLURGICAL COMPANY NORILSK NICKEL -0.55% 30.82 Delayed Quote.-0.67%
MMC CORPORATION BERHAD -2.72% 1.79 End-of-day quote.98.89%
PALLADIUM -0.18% 1903.5 Delayed Quote.-17.87%
PLATINUM -0.09% 951.188 Delayed Quote.-12.05%
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Analyst Recommendations on MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Financials (USD)
Sales 2021 17 805 M - -
Net income 2021 7 549 M - -
Net Debt 2021 7 298 M - -
P/E ratio 2021 5,93x
Yield 2021 11,6%
Capitalization 47 112 M 47 112 M -
EV / Sales 2021 3,06x
EV / Sales 2022 2,99x
Nbr of Employees -
Free-Float 39,3%
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Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | MNOD | US55315J1025 | MarketScreener
Technical analysis trends MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 30,82 $
Average target price 37,84 $
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Vladimir Olegovich Potanin President & Chairman-Management Board
Sergey Gennadyevich Malyshev Chief Financial Officer & Senior Vice President
Gareth Peter Herbert Penny Independent Non-Executive Chairman
Sergey Stanislavovich Stepanov Operational Director & Senior Vice President
Sergey Borisovich Bratukhin Independent Director
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