In 2018 Ferrexpo increased pellets output by 1.6% YoY, to 10.6 million tons. According to the group statement, in Q4 2018 it produced 2.9 million tons of pellets, up by 7.2% QoQ. This year Ferrexpo expects pellets output on the last year level due to some repairs. Sales in 2018 will amount to 10.2 million…
The prices of precious metals dropped in Azerbaijan on January 8. The price of gold decreased by 9.945 manats, to 2,181.2615 manats per ounce compared to the price on January 7. The price of silver fell by 0.4041 manats, to 26.4313 manats per ounce. The price of palladium went down by 11.6365 manats, to 2,212.8135…
Currently, Kazatomprom JSC develops 14 of 56 explored deposits with balance reserves of uranium, the company reported. Today the company, which is the world’s largest producer of natural uranium, is engaged in mining in the Turkistan, Kyzylorda and Akmola regions. “All uranium products of Kazatomprom are exported. Over the past months of this year, the…
Korea Institute for Rare Metals (KIRAM) and Almalyk Mining and Processing Works will create a joint scientific center on rare metals and alloys. The corresponding agreement has already been signed. The center will comprise 5 laboratories to obtain refractory metals, in particular, tungsten and molybdenum, as well as alloys using nano- and chemical-metallurgical techniques. (Ukrainian…
Last year the prices of industrial manufacturers grew by 19% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, coal became 10.7% more expensive and metallic ores – 2.2%. Prices of ferroalloys grew by 24%, of rolled metal – by 15.4%, of aluminum – by 3.8%, and of copper…
In 2018 Zaporizhstal increased steel production by 4.6% YoY, to 4.105 million tons. According to the company statement, pig iron manufacture grew by 15.6%, to 4.386 million tons, and rolled metal – by 10%, to 3.537 million tons. In December 2018 Zaporizhstal produced 358 thousand tons of pig iron, 344.1 thousand tons of steel and…
Magnitogorsk Iron and Steel Works (MMK) has transferred 10 million rubles to a special bank account set up to raise funds to support people affected by the collapse of a residential building in Magnitogorsk. The funds raised are being distributed by the Ministry for Social Relations in the Chelyabinsk region among those affected. Recipients include…
In late January the government will finally decide on how to use the territory of the insolvent KVV Liepajas metalurgs. So far the only company, which has bought a shop in order to resume operation there, is Caljan Rite – Hite Latvia. The company produces various conveyers. It has purchased the shop with the size…
