Shanghai-bonded Cu stocks at three-year low; Zn, Ni stocks rise amid unfavorable arb conditions

Shanghai-bonded copper stocks fell to their lowest level since February 2016 at the end of August after a profitable import arbitrage between London and Shanghai boosted buying interest for bonded warrants last month.

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Ukraine: Mariupol Ilyich repairs BF 2

Mariupol Ilyich Iron and Steel Works has finished scheduled repair of the blast furnace No. 2.

All the diagnostics and units restoration were carried out in 13 days.

The blast furnace has already been commissioned.

Metinvest provided 48 million UAH for the repair. (Ukrainian metal)

Russia: UGMK-OTsM develops new brand

UGMK-OTsM has developed a new brand and registered the Kirrooff trademark for the copper roofing produced at the Kirov Non-Ferrous Metals Processing Works. As a result of modernization the company is now able to produce copper roofing corresponding to more expensive foreign analogues, but at a competitive price. Under a strategic development plan UGMK-OTsM has…

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Kyrgyzstan: government tells what extra money from Centerra Gold to be spent on

Kyrgyzstan has managed to increase receipts under a strategic agreement with Centerra Gold, head of Kyrgyzaltyn Almazbek Alimbekov announced at a press conference at the Government. According to him, as a result of long negotiations, the Kyrgyz Government has managed to conclude an agreement with Centerra Gold, increasing receipts to $150 million. “For example, under…

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Ukraine: DTEK coal output down in H1 2019

In January-June DTEK decreased coal output compared to the first half of 2018.

According to the company press-service, it mined 12.6 million tons of coal, down by 2.5%.

Gas production dropped by 0.1%, to 817.4 million cubic meters. (Ukrainian metal)