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Nickel businesses Chelyabinsk and Sverdlovsk regions threatens to stop again

OAO Ufaleynickel (Verkhny Ufaley, Chelyabinsk region of the Russian Federation) and ZAO PO Rezhnikel (Rezh, Sverdlovsk region) once again found themselves in an extremely difficult position. Due to the long retention period of low prices for nickel production to exhaust the available resources among investors and the volume of funds raised for the implementation of production plants, has long been in conflict with the notion of profitability. Today, both companies are on the verge of being stopped, and if that happens, human settlements, for which Ufaleynickel and Rezhnikel are town-forming, facing serious social consequences.

Earlier nickel companies Chelyabinsk and Sverdlovsk regions belonged to the «Industrial Metallurgical Holding», but last year, when the market of non-ferrous metals suffered from no less tangible price collapse, the former owner of the plants yielded more promising «master.» Both asset (complete with Serov nickel deposit) were sold Highmetals Kids, however, experience has shown that a change of the owner of the expected relief companies are not brought. Lingering Dive nickel price has reduced to «no» to new management plans for the modernization of equipment: the company was able to attract funds from investors, rightly wary of risky trades on the threshold of a «new crisis».

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