In 2018 rare-earth metals consumption in Russia totaled 1.2 thousand tons, while in China – 100 thousand tons. Thus, the local market is still weak. The main consumption industries are manufacture of catalysts, glass and optics. Consumption could grow, according to the experts, by increasing catalysts output and by developing the metal industry. At present…Details
Rusal has put into operation the second line of the first stage of the new works in Krasnoyarsk, increasing aluminum capacity from 150 thousand tons to 300 thousand tons per year. The total cost of the plant with the capacity of 600 thousand tons was estimated at $2.6 billion, of which the first stage accounted…Details
In 2018 Chelyabinsk Zinc Works increased output by 4.3% YoY, to 200.9 thousand tons of zinc. The company also produced 4.013 tons of indium (+3.8%), 926.9 tons of cadmium (+6.7%) and 332.4 thousand tons of sulfur acid (+4.2%). 76.2% of the zinc produced was sold domestically. In 2016-2017 the share of the domestic market was…Details
In 2018 the enterprises of UGMK-Stal were able to improve sales due to the mastering of new rolled metal types. Electrostal Tyumeni showed the highest increase – by 17% YoY. “This year the company will continue increasing sales with the help of new products, namely 25-40 mm angles. In 5 years of operation Electrostal Tyumeni…Details
In 2018 Sukhaya Balka received 786.4 million UAH of net profit as opposed to 1.17 billion UAH of net loss in 2017. At the meeting scheduled for April 11, the shareholders will discuss the loan from Oschadbank of up to $30 million for 36 months with the interest rate of 23% in hryvnia, 10% in…Details
In 2018 Chelyabinsk Zinc Works received 1.92 billion rubles of net profit, down 2.8-fold YoY. At the same time the revenue grew by13.9%, to 33.78 billion rubles. A part of the profit was spent to construct the Korbalikhinsky mine (3 billion rubles). Without this spending the net profit would have reached some 5 billion rubles.…Details
Magnitogorsk Iron and Steel Works (MMK) is taking part in the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. This year, MMK’s innovative potential is showcased by four patented technologies in the field of cold-resistant metal rolling designed for icebreaker fleets, marine and engineering equipment used in the Arctic. The competitive advantages of…Details
Precious metal prices decreased in Azerbaijan on March 29. The price of gold dropped by 36.805 manats, to 2,191.5465 manats per ounce compared to the price on March 28. The price of silver fell by 0.493 manats, to 25.5311 manats per ounce. The price of platinum went down by 18.7765 manats, to 1,437.078 manats, and…Details
Main shareholder of the Central Asian Uranium Company LLC and a representative of the Russian Federation, Vladimir Popov, said when Kara-Balta Mining Plant (KBMP) would start working and how Russian investments would help the mining sector of Kyrgyzstan. – An agreement between the Central Asian Uranium Company LLC (Russia) and Kara-Balta Mining Plant OJSC (KBMP…Details
Residents of Ton district in Issyk-Kul region demand to stop exploration of Tash-Bulak uranium deposit, local activist Akzholtoi Tukunov reported. According to him, the villagers have met with representatives of the government and local executive authorities. “They, of course, assure that the development of uranium will not harm neither the environment nor the people, but…Details
Head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor Halasiuk has appealed to the Ukrainian Prime Minister, the SBU Security Service of Ukraine and the National Security and Defense Council (NSDC) to keep recently lifted sanctions from the Moldova Iron and Steel Works (MMZ) located in the unrecognized Transnistria and owned by…Details
Brazil, China, Japan, Canada, USA and Austria, as well as domestic companies with foreign investments are interested in mining lithium, cobalt, nickel and manganese ore in Ukraine. “This mining is not really high in Ukraine, but EU has become interested in Ukraine, as there is a problem of supplies of important raw materials”, the State…Details
The quota for the delivery of metal to EU countries will be in effect for 95 days. As of March 27, Ukraine has fulfilled 93.66% of the hot-rolled flat metal quota (1.2 million tons delivered), 51% of cold-rolled flat metal (52.1 thousand tons), plates – 25.93% (88 thousand tons), rebars – 60.29% (37.7 thousand tons),…Details
In 2018 Priisk Solovievsky, extracting gold in Amur and Zabaikalye regions, received 8.454 billion rubles of revenue, up by 28% YoY. Net profit grew by 15%, to 2.462 billion rubles. The improvement of financial indexes has to do with the growth of sales profit. Thus, while in 2017 the company sold 6.544 billion worth of…Details
Karabashmed is finishing a large-scale modernization of the converter site at the metallurgical shop.
The last of the three Kumera converters has been assembled.
All the work is expected to be finished in Q2.
At the same time in the sulfuric acid shop the company is assembling 4 new moist electric filters. (Ukrainian metal)
In January-February Ferrexpo exported 1758.3 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 1470.3 thousand tons and Yeristovo GOK – 288 thousand tons. Metalloinvest (Russia) exported 959.3 thousand tons of pellets, including Mikhailovsky GOK – 816.7 thousand tons and Lebedinsky GOK – 142.6 thousand tons. Metinvest shipped 715.4 thousand tons of pellets…Details
In February Ukraine exported 435.9 thousand tons of semi-finished carbon steel products valued at $181.03 million, down 2-fold YoY. The share of the semis exports in the total foreign trade of Ukraine amounted to 6.9%. Half of semis were exported to Italy and Egypt (36.8 thousand tons and 54.6 thousand tons). Indonesia imported 7.3 thousand…Details
The government has discussed the state program of industrial and innovative development for 2015-2019. The share of the processing industry in the GDP structure increased from 10.1% to 11.6%. Last year two major projects were carried out – the Bakyrchikskoye Mining Enterprise and the Sary-Arka Copper Processing Company were put into operation. This year it…Details
In 2018 Kirov Non-Ferrous Metals Processing Works received 154.8 million rubles of net losses, up 6-fold YoY.
At the same time, in 2016 the company received 130 million rubles of net profit.
Revenue last year totaled 9.16 billion rubles, up by 4%.
Sales profit dropped more than 3-fold, to 57 million rubles. (Ukrainian metal)
Since the start of the year Raspadskaya mine has extracted 2 million tons of coal.
In 2018, 2 million tons were mined in April.
This year it is expected to mine 6.5 million tons of coal. (Ukrainian metal)
Stoilensky, the second largest producer of iron ore concentrate in Russia, has signed a development contract with the Finnish company Outotec to increase the pelletizing plant’s installed capacity by a third – from 6 million tons to 8 million tons of pellets per year. Under the contract, Outotec experts will design, supply main equipment and…Details
The U.S. Court of International Trade has upheld an earlier decision to apply a 184.56% duty on imports by Russian steel producer Severstal, Bloomberg reported on March 28, citing the court decision. The U.S. Commerce Department slapped the duty on hot-rolled and sheet-rolled steel imported by Severstal between December 2014 and November 2015. The authority…Details
International rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement.
The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)
Central Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…Details