Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…Details
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In January-July Russia exported 2.63 million tons of pig iron, down by 21.6% YoY, valued at $915 million, down by 25.6%. USA accounted for 45% of purchases, down by 31.3%. Italy decreased imports by 44.3%, to 18%, while Turkey increased by 50.2%, to 13.6%. The main exporters of pig iron are Ural Stal, Tulachermet and…Details
In July Russia imported 31 thousand tons of steel semi-finished products from Ukraine, down by 40% MoM. In July 2018 imports did not exceed 25 tons. In February-April monthly deliveries were below 40 thousand tons. In January-July imports totaled 257.8 thousand tons, down 2.8-fold YoY. Average price in July was $408.6 per ton without VAT.…Details
In July Russia imported 903.6 thousand tons of magnesium, including scrap, up by 20% MoM and by 267% YoY. Deliveries from China grew to 790 tons from 752 tons. Another supplier was Hong Kong – 108 tons. In 7 months imports totaled 5.4 thousand tons, up by 67.4% YoY. In monetary terms since the start…Details
Chelyabinsk Pipe Works has successfully placed an initial issue of eurobonds valued at $300 million with the rate of 4.5% and maturity in September 2024. UK investors accounted for 30%, Russian – 28%, continental Europe – 23%, Asian – 14% and US – 5%. Some 52% of the issue was purchased by asset managing companies,…Details
In July Russia exported 10.2 thousand tons of flat aluminum, down by 7% MoM and by 0.3% YoY. A quarter was exported to Poland, down by 29%. At the same time Ukraine, Finland and the US increased purchases by 65%, 43% and 29% MoM respectively. In 7 months exports totaled 70.7 thousand tons, up by…Details
In August Yuzhniy Kuzbass produced 764 thousand tons of coal, up by 12% MoM and by 37% YoY. The volume of excavations grew by 16% and 55% respectively, to 3.9 million cubic meters of rock. Some 751 thousand tons of coal were processed at the factories, up by 5% MoM and by 11% YoY. Sales…Details
Sady Pridonya, a major agroindustrial company, uses three-layer sandwich panels in the construction of the largest fruit warehouse. In 2018 the company began construction of a warehouse to store 20 thousand tons of apples. Metal Profile has supplied 7 thousand square meters of MP-GOST sandwich panels and 17 thousand square meters of Airpanels. The warehouse…Details
Lebedinsky Mining and Processing Works has passed a re-certification audit of the industrial and labor safety management system for the correspondence to the requirements of ISO 45001:2018. The audit was carried out on September 9-13 by the specialists of the British Standards Institution. Following the inspection the specialists recommended certifying the Lebedinsky GOK safety system…Details
As a result of the cave-in of rock a miner was mortally injured in the city of Rovenki. “On September 22 the taskmaster of the mine named after Cosmonauts perished”, the emergency ministry of the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, reported. The body has already been lifted to…Details
An overview of the battery raw materials markets and their latest price moves. Source of informationDetails
WDBJ7 reported that Banker Steel Company announced the completion of the structural steel for the One Vanderbilt project in New York. The steel used in One Vanderbilt was fabricated in the Virginia and New Jersey plants of NYC Constructors, a subsidiary of Banker Steel Company. One Vanderbilt’s tiered steel tower is complete at 1,401 feet,…Details
LIVE FUTURES REPORT 20/09: LME lead price breaches $2,100/t; strong backwardation persists in nickel
The three-month lead price on the London Metal Exchange rose by 1.2% at the close of trading on Friday September 20, climbing beyond the $2,100 per tonne support level, while forward spreads in LME nickel tightened over the afternoon. Lead futures closed at $2,120 per tonne, its highest closing price since March, while just under…Details