Despite the decline since February, Financial giant Citi maintains an optimistic outlook for the uranium market, expecting prices for the resource to rise significantly. The company estimates that the price of uranium will reach $98/lb until the end of 2024, and could increase to $110/lb in 2025. This is forecast against the backdrop of growing…
14,900 tons of copper pipes were produced by large enterprises in Uzbekistan in January-June. This production volume has increased by 32.5% compared to the corresponding period of 2023. In June, large enterprises produced 2,552.7 tons of copper pipes. (Statistics Agency)
In January-June, scrap enterprises increased deliveries to metal plants by 66% YoY, to 687 thousand tons. According to the Ukrainian Association of Secondary Metals, scrap procurement grew by 62%, to 860 thousand tons. Scrap enterprises could increase procurement volumes by 37-45% this year, to 1.75-1.85 million tons. (Ukrainian metal)
Metinvest is reviewing the issue of renting Liberty Czestochowa steel-smelting assets, the daughter company of Liberty Steel. The group has to carry out a concise evaluation of the assets to determine the launch date. Liberty Czestochowa’s steel shops could become an opportunity for Metinvest, which had lost almost a half of its steel capacities due…
In January-June, Interpipe paid 2.4 billion UAH of taxes to budgets of all levels, up by 37% YoY. In particular, payments to the state budget amounted to 1.8 billion UAH (+40%), to local budgets – 306 million UAH (+31%) and the unified social payment – 300 million UAH (+26%). Last year, the group paid 4.4…
The operation of the mine 1-3 Novogrodivka of the state holding company Selidovvuhillya has been suspended. The mine is now being flooded. The decision to shut down the mine was taken by the administration due to increased shelling by the Russian invaders. Adjacent mines of Selidovvuhillya have been shut down earlier. (Ukrainian metal)
In January-July, Ukraine increased ferrous scrap exports by 46.9% YoY, to 149.23 thousand tons. According to the State Customs Service, the most was shipped to Poland – 127.31 thousand. Greece imported 16.9 thousand tons of scrap and Germany – 4.76 thousand tons. Average monthly exports amounted to 21.32 thousand tons, up from 14.52 thousand tons…
In January-July, Ukraine increased tin imports by 7.8% YoY, to $1.536 million, with $185 thousand in July. According to the State Customs Service, tin exports amounted to $331 thousand ($150 thousand in July) as opposed to $53 thousand last year. In 2023, tin exports fell to $159 thousand from $424 thousand in 2022. (Ukrainian metal)