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Last week, the price of one ounce of gold decreased by 42.4048 manats (by $24.9). The average price of one ounce of gold stood at 2,725 manats ($1,602). The price of one ounce of silver decreased by 0.58984 manats ($0.03), to 24.00616 manats ($14.1). The price of one ounce of platinum dropped by 30.4024 manats…
DetailsIn January, Russia exported 1.4 thousand tons of raw chrome, down by 11% MoM, but up by 19% YoY. Price dropped by 6%, to $5.8 per kg. Deliveries to the Netherlands fell by 18%, to 768 tons, and to the USA – by 5%, to 453 tons. In 2019, exports totaled 19 thousand tons, unchanged…
DetailsCherepovets Iron and Steel Works is mastering the manufacture of galvanized plates of high-strength steel grades. This product is in demand from European and domestic manufacturers of metal structures. Since April 2019, CherMK has been operating a continuous hot-dip galvanizing machine No. 4, which produces cold-rolled galvanized sheet, as well as hot-rolled etched galvanized sheet…
DetailsMetals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…
DetailsA global crisis, generated by the pandemic of a new type of the coronavirus, is the hardest one since the World War II, as declared recently by Antonio Guterres, U.N. Secretary-General. The epidemic disturbed a regular lifestyle and a business rhythm both in small towns and the largest capitals of the world. Everybody suffered –…
DetailsIn March, Zaporizhstal produced 355.8 thousand tons of pig iron, 300.8 thousand tons of steel and 233.6 thousand tons of rolled metal, all down by 8.1%, 15.5% and 21.8% YoY respectively. The decrease is due to a number of capital repairs of the blast furnace No. 5, as well as mills 1150 and 1680. In…
DetailsIn January, Russia exported 1.9 thousand tons of titanium, down by 29% MoM and by 13% YoY. Price grew by 9%, to $23 per kg. Deliveries to USA decreased from 929 tons to 490 tons, and to Germany – from 621 tons to 461 tons. In 2019, exports totaled 28.5 thousand tons, unchanged YoY. (Ukrainian…
DetailsNovo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles. Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles. Output decreased by 5%, to 106.784 thousand…
DetailsPresident of Norilsk Nickel, Vladimir Potanin, has suggested shareholders postpone paying dividends this year due to a crisis. Rusal, the largest shareholder, has not supported this. “Of course, shareholders like dividends. But when there is a choice between increased dividends and investments in strategic development, 75% of minor shareholders choose investments. During crisis it is…
DetailsAzerGold CJSC has signed a $9.5-million contract with AT-Geotech LLC for exploration drilling, geotechnical research, laboratory analysis, monitoring of results and report preparation work in the country. AzerGold CJSC secured the contract via a tender, the official website on public procurement reported. Established in 2015, AzerGold CJSC is engaged in the study, research, exploration, management…
DetailsIn January, Russia exported 4.4 thousand tons of long-rolled aluminum, up by 8% MoM, but down by 8% YoY. Price grew by 5%, to $3255 per ton. Deliveries to Germany increased from 627 tons to 840 tons, and to USA – from 415 tons to 648 tons. At the same time exports to Kazakhstan dropped…
DetailsIn January, Russia imported 2.3 thousand tons of zinc, down by 49% MoM and by 56% YoY. Price remained unchanged at $2.6 per kg. Deliveries from Kazakhstan decreased by 51%, to 1.8 thousand tons, and from Uzbekistan – by 30%, to 294 tons. In 2019, imports totaled 50 thousand tons, up from 13.6 thousand tons…
DetailsThe ChTPZ Group is taking measures to keep the business afloat and protect the health of its employees under the coronavirus pandemic and market volatility. According to the development strategy until 2024, the company intends to save 5 billion rubles by decreasing administrative expenses, optimizing repair processes, logistics and energy provision, as well as implementing…
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