South Korean company SK Nexilis, specializing in the production of copper foil, is considering opening a facility in Uzbekistan due to high electricity costs in its home country. According to sources cited by the publication, the plan involves relocating production currently based in the city of Jeonju. SK Nexilis already operates several plants in Malaysia.…
On August 19, an auction was held on the E-auksion platform for the right to conduct geological exploration at the Terekli site in the Akhangaran district of Tashkent region. The bidding lasted for 11 hours and 50 minutes, concluding after 377 rounds. The winner was Toyloq Toza Hudud, which offered 81.8 billion sums (about $6.5…
Zaporizhstal, according to its capital investment program, continues carrying out complex capital repairs of three groups of heating wells (4 wells in each group) in the slabs department of the hot-rolling shop. Investments will total UAH 135 million. “Now Zaporizhstal works at 75% of its capacities, but we carry out maintenance program fully. In particular,…
An online auction for the right to conduct geological exploration at the gold-bearing Pirali site in Navoi region was held on the E-auksion platform, according to the official website. The bidding, which began on the morning of August 21, lasted for 23 hours and 29 minutes. After 461 bids, the winner was declared as NBK…
Prime Minister Olzhas Bektenov has chaired a meeting to discuss the development of rare and rare earth metals sector. The meeting was held in line with the President’s directive outlined at the Cabinet’s extended session on attraction of advanced technologies and investments. President’s Aide for Economic Affairs Kanat Sharlapaev, Minister of Industry and Construction Yersayin…
Uzbekistan is strengthening its position in the global uranium market and plans to significantly increase production volumes of this strategic resource in the coming years, the UzAtom Agency reports. Today, the country ranks among the global leaders in the uranium industry: it holds the second-largest reserves among CIS countries, the tenth-largest worldwide and is among…
In July, after a yearlong break Ukraine resumed exports of metal scrap to Transnistria, a Russian enclave on the territory of the Republic of Moldova. According to the State Customs Service, the only exporter was D-Kamet LLC. Under a contract with Moldova Iron and Steel Works, belonging to Russian owners, the company has shipped a…
In January-July, Georgia’s trade with Turkiye amounted to $1.75 billion, with imports at $1.55 billion, up by 2.2% YoY, and exports at $196.24 million, down by 31.6%. In particular, imports of steel pipes grew by 12.3%, to 46.362 thousand tons. In monetary terms exports decreased by 0.3%, to $35.62 million. (Ukrainian metal)