Southern Urals Nickel Plant PJSC engages in the production and sale of nickel-cobalt products, including low-iron ferronickel, in Russia. The company operates the Sakharinsky and Buruktalsky mines for nickel extraction; provides industrial and non-industrial services; and focuses on processing oxidized nickel-cobalt ores from the Buruktal deposit using updated technological processes developed with VIMS to reduce production costs. Headquartered in Orsk, Orenburg region, and founded in 1935, it serves domestic markets in cities such as Moscow, Chelyabinsk, Izhevsk, Zlatoust, and Shakhty, while exporting to Finland, Switzerland, and Ukraine; it operates as part of Mechel PAO, which holds an 84% stake. Recent developments include a return to profitability in 2024 with net profit of RUB 108 million versus a loss of RUB 468 million in 2023, alongside doubled revenue to RUB 157 million in the first half of 2024 and earnings per share rising to RUB 179; discussions by Mechel on potential asset sale persist amid resumed production plans following a 2012 halt due to low nickel prices; undistributed profit grew to RUB 4.02 billion by mid-2024.