|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||27.41 - 27.90|
|52 Week Range||18.62 - 35.52|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||7.54|
|Forward Dividend & Yield||1.62 (5.70%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||N/A|
Russian oil major Rosneft will supply fuel to the Arctic mining operations of Norilsk Nickel (Nornickel), the companies said on Wednesday, while Nornickel upgrades its fuel tanks after a diesel spill. The spill occurred on May 29 after one of Nornickel's fuel tanks lost pressure and leaked 21,000 tonnes of diesel into rivers and subsoil near the city of Norilsk in Siberia. "The terms of cooperation between Rosneft and Nornickel will be stipulated in contracts that will require the parties to adhere to the highest standards of environmental safety," they said in a joint statement.
Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk said on a post-earnings call on Wednesday. Nickel makes batteries energy dense so cars can run further on a single charge, and Tesla needs the metal more than ever as it looks to ramp up production of trucks and solar projects that use a lot of nickel.
Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full extent of the damage. President Vladimir Putin in June chided Vladimir Potanin, the billionaire boss of Norilsk, for not replacing the source of the spill, a fuel tank, in timely fashion and said significant damage had been caused to the fragile Arctic environment.