Uzbekistan has gone five months without exporting gold, according to the National Statistics Committee. No shipments of the precious metal were made to foreign markets in January-February, compared with $1.7 billion during the same period in 2025. The suspension of sales began in October 2025 and continues despite high global prices. Gold prices remained near…
At a Government sitting on March 31, the Industry and Construction Minister Yersaiyn Nagaspayev announced the key innovative solutions launched in the country’s mining and smelting industry. He revealed that for the past five years, major mining companies had invested nearly 150 billion tenge in scientific research and developmental works, implementing over 1,500 projects. These…
In January, Uzbekistan manufactured metallurgical products worth 29.2 trillion sums, according to the National Committee on Statistics of Uzbekistan. This represents a 2.1-fold increase compared to the same period in 2025, highlighting significant growth in the sector. Data over recent years show a consistent upward trend in metallurgical output: 4.8 billion sums in 2020, 6.8…
A Diamond Steel plant for the production of aluminum-zinc and non-ferrous coated steel coils is being built in Turkestan region. A 15-hectare plot of land within the Turan SEZ has been allocated for the plant’s construction. The project cost is 41 billion tenge ($84.9 million). The plant is expected to launch in late 2026. Kazakh…
The Ukrainian industrial company Interpipe has been operating in Europe for a long time, and now this region has become the second “home” market for the company. This was stated by the company’s Director of Products and Resources, Vitaly Sueta, during the Exporters Summit 2026, organized by Forbes Ukraine. According to him, the company has…
In early April, it is planned to resume the operation of the mining and processing complexes of the state enterprise “Skidny Mining and Processing Plant”. This is stated in the Facebook post of the state-owned enterprise. As noted, the implementation of relevant preparatory measures was discussed at an operational meeting in the format of a…
Net profit of Navoi Mining and Metallurgical Company (NGMK) reached $3.5 billion in 2025, marking a 64% increase compared to $2.1 billion in 2024. The company’s revenue rose by 46.4%, to $10.8 billion, while operating profit grew by 58%, to $6.2 billion, up from $3.9 billion a year earlier. As of year-end, total assets stood…
The Ukrainian government is in dialogue with the European Union on maintaining the current conditions for access of Ukrainian metallurgical products to the EU market, Deputy Prime Minister for European Integration of Ukraine Taras Kachka has said during the Forbes Ukraine Exporters Summit. The EU plans to strengthen protection of the domestic market from steel…