In 1H2014, nickel revenue of Norilsk Nickel declined 3% y-o-y to USD 2.1 billion.  Though the average realized price recovered by 3% y-o-y, nickel sales revenue was negatively affected by a 4.5% y-o-y decrease in physical sales volume. Nickel remained the largest contributor to the Company's revenue, accounting for 41% of total in 1H2014, down from 43% in 1H 2013.

Sales volume of nickel produced by Norilsk Nickel in Russia was flat y-o-y amounting to 109 thousand tonnes. Sales of metal produced from own feedstock increased by 2% y-o-y, while the sales of tolling metal was  down 2% y-o-y.  

Sales volume of nickel produced at Harjavalta decreased 5% y-o-y to 18 thousand tonnes owing to a reduction of output due to scheduled repairs at the Boliden Harjavalta smelter. 

The sales volume of semi-finished nickel products of Norilsk Nickel International (excluding Norilsk Nickel Harjavalta and 50%-owned Nkomati Nickel Mine) decreased by 5 thousand tonnes y-o-y due to the mothballing of the Group's operations in Australia and lower output at Tati nickel mine.

• [Editor:Juan]