In January-June, Armenia increased exports of copper, zinc and molybdenum concentrate, as well as ore containing precious metals. In particular, exports of copper concentrate grew by 14.5%, to 168.4 thousand tons valued at $267.6 million, up by 17.1%. The main buyer was China (71.6%), followed by Bulgaria (13.9%), Serbia (5.6%), Switzerland (4.4%), Russia (2.5%) and…
Increase of railroad cargo transportation by 37%, planned by Ukrzaliznytsia, will have catastrophic consequences for the economy, as it will lead to shut down of strategic enterprises and to the drop in revenue. Taking into account the state of the domestic industry, the government must impose a two-year moratorium on the increase of Ukrzaliznytsia tariffs…
Interpipe is upset by the decision to increase electricity transportation tariff by 29.8%, which will further increase product prime cost and decrease capacity loading. The company is one of the largest industrial consumers of electricity in Ukraine. Thus, it is quite natural that any increase in electricity tariff will increase its products’ prime cost and…
In November, Ukraine decreased steel output by 0.9% YoY and by 10.4% MoM, to 541 thousand tons. The country occupied the 24th place among 71 global steel producers, according to Worldsteel. In January-November, Ukraine produced 7.028 million tons of steel, up by 23.1% YoY. The country occupied the 20th place. (Ukrainian metal)
A strike of 200 Kazakhmys, South-Zhezkazgan mine and Zhylandy mine employees began on December 17. The demands of the strikers changed during the day. At first they wanted a 30% increase in salary, but until the end of the day –already 100%. “There will be no talks on a 100% increase in salary. First of…
Recently the Almalyk copper-processing factory has reached its target to supply copper concentrate to Almalyk Mining and Processing Works. The factory produced 113.5 thousand tons of concentrate. This operation demonstrates the team’s resolve to reach new heights next year. (Ukrainian metal)
In January-November, Ukraine increased imports of copper and copper wares by 6.1% YoY, to $127.286 million. According to the State Customs Service, exports grew by 24.5%, to $81.11 million. In November, Ukraine imported $11.033 million worth of copper and exported $8.129 million. (Ukrainian metal)
Metinvest will buyback its eurobonds with the maturity on June 17, 2025 valued at $16.27 million as a result of an action held on December 9, when the price was set in the range of 82% to 92.5% and the overall amount of buyback at EUR 70 million. Following the buyback, the volume of bonds…