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In January-June, Ukraine increased revenue from the exports of ferrous metals by 3.6% YoY, to $1.46 billion. According to the State Customs Service, ferrous metals accounted for 7.5% of all export revenue, up from 7.3% in H2 2023. In June, revenue decreased by 4.9% MoM. Ferrous metals exports dynamics has been falling since the start…
DetailsTo control the activities of mining companies, the State Committee for National Security of Kyrgyzstan (SCNS) initiated creation of the state enterprise Jalal-Abad ken Bailyktary. Within the framework of the criminal cases under investigation initiated under articles 298 “Violation of environmental protection rules during the performance of work” and 337 “Abuse of official position” of…
DetailsFollowing the Russian attack on the Severniy Mining and Processing Works, 10 people were killed and more than 30 were injured. Early on July 8, a Russian missile hit a SevGOK administration building in Kriviy Rih. A canteen hall was damaged. All the injured were immediately taken to the hospital. (Ukrainian metal)
DetailsGlencore Plc has abandoned plans to sell its share in Kazzinc, having not received an adequate offer. Glencore intended to leave the business where it owned 70% of shares with the Chinese companies demonstrating interest. In 2023, Kazzinc produced 173.9 thousand tons of zinc, 35.6 thousand tons of lead, 14.8 thousand tons of copper and…
DetailsIn April-June, Ferrexpo produced 1.67 million tons of iron ore, up by 42.7% YoY, but down by 18.5% MoM. In particular, pellets output amounted to 1.48 million tons, down by 18.2% QoQ, but up by 39.9% YoY. The access to the Black Sea marine corridor allowed the company carrying out deliveries from Ukrainian ports. In…
DetailsThe opening of the marine corridor has allowed Interpipe setting its exports logistics to far markets not only via ports of neighboring countries, but directly from the Greater Odesa. According to the railroad product division director Olexander Garkaviy, with the launch of the Russian full-scale war, the company was unable to ship its products to…
DetailsThe Kazakh Foreign Ministry notes growing interest in rare earth metals for high-tech sectors such as electronics, magnet and batteries manufacturing. “Foreign investors from Germany, South Korea, China, the US and Great Britain already offered to enhance cooperation in the field of rare earth metals. Japan, Indonesia and France seek to establish relations in this…
DetailsUkrainian UAVs have hit power stations in the Belgorod region of Russia, resulting in the Oskol Electrometallurgical Works suspending operation. According to sources in Ukrainian Intelligence Service, the attack was made on July 1. It was a joint operation of the Defence Intelligence and the Foreign Intelligence Service. Oskol Works is the only full-cycle metal…
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