Uzbekistan: 11 tons of gold sold in May 2023

According to the World Gold Council, in May, Uzbekistan ranked second globally in gold sales. Worldwide central bank gold and currency reserves dropped by 27 tons, with precious metal sales declining by over half compared to April. Uzbekistan sold 11 tons of gold internationally in May, surpassing Kazakhstan and Germany by 5.5 times. Turkey remained…

Ukraine: Ferrexpo output up in H1 2023

In January-June, Ferrexpo increased pellets manufacture by 57% YoY, to 1.967 million tons, and concentrate – by 51%, to 160 thousand tons. In Q2, pellets manufacture grew by 18%, to 1.066 million tons, and concentrate – by 96%, to 106 thousand tons. This was made possible by the resumption of the second pelletizing line operation.…