Nornickel to spend $1.4bn on two expansion projects

Russian nickel and palladium producer Norilsk Nickel (Nornickel) said it will invest up to 90-billion roubles ($1.4-billion) over four years in two major projects in Russia. The projects - expansion and reconstruction of the Talnakh ore concentrator and development of the South Cluster mine - come as Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle makers.