Russia: copper exports growing

In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively. Primary copper accounts for 80% of deliveries. In April the average price was $6766 per ton, up by 24% YoY. Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)

Russia: Rusal refuses state support due to bad terms

Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…