Precious metal prices increased in Azerbaijan. The price of gold grew by 35.819 manats, to 2,215.304 manats per ounce on January 28 compared to the price on January 25. The price of silver went up by 0.7537 manats, to 26.8524 manats per ounce. The price of platinum increased by 24.905 manats, to 1,392.8525 manats, and…Details
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Over the past year, mining of copper ore rose by 8.2% YoY, to 103.2 million tons. The country produced 12.9 million tons of copper concentrates (+15.7%), 4.8 million tons of copper-zinc ores (-4.2%), and 580.6 thousand tons of copper in copper concentrate (+15.5%). The main copper ore miners are East Kazakhstan (37% of the total…Details
The price of one ounce of gold increased by 1.173 manats or by 0.55% last week in Azerbaijan, to 2,178.1063 manats. The price of one ounce of silver grew by 0.0752 manats or by 0.29%, to 26.0282 manats. The price of one ounce of platinum went up by 8.3725 manats or by 0.62%, to 1,353.6862…Details
In January-November 2019 Russia exported 758.5 thousand tons of primary copper valued at $4830 million, up by 12.7% and by 19.3% YoY respectively. In November 2018 the price of primary copper was $5957 per ton, down by 9.2% YoY. The price of copper wire rod (wire) was $6083 per ton. (Ukrainian metal)Details
The special committee investigating the accident at Electrozinc has come to a conclusion, that the reason of the fire at the plant has been arson. The plant stopped operating after that. The reason of the arson and the person responsible are yet to be determined. The fire broke out on October 21, 2018. It enveloped…Details
Mechel reports launching an online store to market the company’s rolls. Mechel Service LLC’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless rolls and others. The store’s website is www.mechelservice.ru. The website also shows updated…Details
Employees of the Scheglovskaya-Glubokaya mine in the temporarily occupied Donbass received 4 and 6 rubles as salary. “4 and 6 rubles, not thousand rubles. This shows the level of salary and life in the so-called republic”, wrote one of the miners in the social networks. Miners also share screenshots of their wages. One “boasts” receiving…Details
In January-November 2018 Russia exported 61 thousand tons of semi-finished steel products to Ukraine, up by 93.6% YoY, and the highest result in the past 6 years. Rostov region accounts for almost a third of all exports, up by 18%. The share of Sverdlovsk region is 29%, up 6-fold. And that of Belgorod region –…Details
The steel output of Magnitogorsk Iron and Steel Works (MMK) fell by 7.8% QoQ, to 3.112 million tons in October-December 2018, the company said in a statement. Cast iron output decreased by 2.4%, to 2.558 million tons. In 2018, the company’s steel output went down by 1.5%, to 12.664 million tons, and cast iron output…Details
Russia’s output of unrefined and semi-refined or powder platinum and platinum group metals decreased by 38.4% YoY and by 19.2% MoM in December 2018, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output fell by 17.4% YoY and by 8.9% MoM. In 2018, the output of platinum and platinum…Details
Gold and silver prices increased in Azerbaijan. The price of gold grew by 0.663 manats, to 2,179.485 manats per ounce on January 25 compared to the price on January 24. The price of silver went up by 0.0467 manats, to 26.0987 manats per ounce. The price of platinum increased by 14.3225 manats, to 1,367.9475 manats.…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…Details