Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel reported consolidated production results for the second quarter and six months of 2021. For the quarter, the company reported nickel output decreased 30% quarter-on-quarter (q-o-q) to 33 kt, most of which were produced from the Company's own Russian feed (31 kt, down 31% q-o-q). copper production decreased 11% q-o-q to 81 kt. palladium and platinum output decreased 28% q-o-q to 548 koz and 27% q-o-q to 134 koz, respectively. All PGMs were produced from the Company's own Russian feed.
For the six months, the company reported total nickel output decreased 26% year-on-year (y-o-y) to 79 kt (of which 77 kt were produced from own Russian feed, down 28% y-o-y). In 1H2021, total copper output decreased 28% y-o-y to 173 kt. In 1H2021, palladium and platinum output amounted to 1,314 koz (up 3% y-o-y) and 318 koz (down 1% y-o-y), respectively. The increase of palladium and slight decrease of platinum output in the first half, despite a significant loss of production in the second quarter, was explained by the high base effect of the first quarter, when a new line for production of precious metals from chlorine leaching residues at Kola MMC was ramped up to its design capacity and, as a result, the work-in-progress in transit inventory reduced.