Following the Russian attack on the Severniy Mining and Processing Works, 10 people were killed and more than 30 were injured. Early on July 8, a Russian missile hit a SevGOK administration building in Kriviy Rih. A canteen hall was damaged. All the injured were immediately taken to the hospital. (Ukrainian metal)
Glencore Plc has abandoned plans to sell its share in Kazzinc, having not received an adequate offer. Glencore intended to leave the business where it owned 70% of shares with the Chinese companies demonstrating interest. In 2023, Kazzinc produced 173.9 thousand tons of zinc, 35.6 thousand tons of lead, 14.8 thousand tons of copper and…
In April-June, Ferrexpo produced 1.67 million tons of iron ore, up by 42.7% YoY, but down by 18.5% MoM. In particular, pellets output amounted to 1.48 million tons, down by 18.2% QoQ, but up by 39.9% YoY. The access to the Black Sea marine corridor allowed the company carrying out deliveries from Ukrainian ports. In…
The opening of the marine corridor has allowed Interpipe setting its exports logistics to far markets not only via ports of neighboring countries, but directly from the Greater Odesa. According to the railroad product division director Olexander Garkaviy, with the launch of the Russian full-scale war, the company was unable to ship its products to…
The Kazakh Foreign Ministry notes growing interest in rare earth metals for high-tech sectors such as electronics, magnet and batteries manufacturing. “Foreign investors from Germany, South Korea, China, the US and Great Britain already offered to enhance cooperation in the field of rare earth metals. Japan, Indonesia and France seek to establish relations in this…
Ukrainian UAVs have hit power stations in the Belgorod region of Russia, resulting in the Oskol Electrometallurgical Works suspending operation. According to sources in Ukrainian Intelligence Service, the attack was made on July 1. It was a joint operation of the Defence Intelligence and the Foreign Intelligence Service. Oskol Works is the only full-cycle metal…
In January-June, Almalyk Mining and Processing Works produced 17.86 trillion sums worth of goods, up by 16.1% from the target. Manufacture of consumer goods amounted to 3.35 trillion sums. Copper ore extraction exceeded target by 1.8% and copper raw materials processing by 2.4%. Copper cathode manufacture target was reached. (Ukrainian metal)
In May, central banks globally bought 23 tons of gold and sold 12 tons. Kazakhstan was the biggest seller, offloading 11 tons. Poland led buyers with 10 tons, followed by Turkey with 6 tons and India with 4 tons. Uzbekistan’s central bank didn’t sell any gold in May after selling 1 ton in April. Thus,…
