Ukraine: PFK to lack raw materials with the ban of nickel ore export from Indonesia

Solway Investment Group, owner of Pobuzhye Ferronickel Plant, is closely watching the situation with the ban of nickel ore exports from Indonesia. “So far the information from Indonesia has been controversial. We are closely watching the situation with the temporary halt of nickel ore exports and taking steps to increase purchases from other countries. For…

Russia: Izhstal repairs shearing press

Izhstal has capitally repaired its hydraulic shearing press. The stable operation of the machinery will provide the electric arc steel shop with quality raw materials. The capacity of the Metso Lindemann shearing press is 29 to 64 tons per hour depending on the type of scrap. The specifically prepared scrap is then used to produce…

Russia: jewelry industry’s gold and silver consumption down in January-September 2019

Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…