Nornickel to supply nickel, cobalt to Johnson Matthey for battery materials


FILE PHOTO: A view shows nickel sheets at Kola Mining and Metallurgical Company (Kola MMC), a subsidiary of Nornickel metals and mining company, in the town of Monchegorsk in Murmansk Region, Russia February 25, 2021. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters) - Russian metals producer Nornickel said on Monday it had signed a long-term agreement to supply nickel and cobalt to chemicals company Johnson Matthey to produce materials used to make electric vehicle (EV) batteries.

Nornickel, one of the world's largest producers of nickel, said last week it would boost output of nickel products at its Harjavalta refinery in Finland, betting on an expanding market for battery materials for EVs in Europe.

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