Russia restarts gold and currency purchases at $19 million per day
Russia’s finance ministry announced late last week that it would start buying currencies and gold again in August after 18
Read more
Russia
Russia’s gold reserves a target in U.S. defense spending bill
The U.S. continues to target Russia’s massive gold reserves in an effort to sanction the country for its nearly year-long
Read more
Gas and oil: Russia is heading for economic oblivion
Russia is heading for economic oblivion according to YALE Chief Executive Leadership Institute (Yale CELI) Review of the Impact of
Read more
Polymetal posts gold equivalent production declines 9% in Q2
Russia’s Polymetal, a senior global gold and silver producer, reported today that its quarterly gold equivalent production decreased by 9% year-on-year to
Read more
TIN: Rusolovo back on track with strong Q2
Rusolovo recovered from a poor Q1 to equal second quarter results from last year. Tin production of 712 tonnes, was
Read more
Demand for Russian metals remains robust despite sanctions
Russia produces typically 3% to 6% of global metals supply and significantly more of the world’s palladium and high-quality iron-ore
Read more
EU to ban Russian coal from August 2022, followed by ban on oil products
The war in Ukraine is transforming energy and commodity markets. Oil prices are constantly above US$100/bbl and diesel has been
Read more
Why a Russia’s Gold Standard Is Not Happening
According to Gary Wagner the Editor of TheGoldForecast.com and Jeff Christian of CPM Group, Russia did not return to a
Read more
Is Putin’s war the fossil war?
Burning oil, gas and coal is causing warming and impacts we need to adapt to. And Russia sells these resources
Read more
Fascist Russia demands rubble payments for its oil and gas
Western countries say Putin’s real aim was to swiftly topple Ukraine’s government, and that its failure is a strategic catastrophe,
Read more
Ukraine war affects Russia exports of copper
Sanctions imposed by Europe and the US on Russia are adopted along with the serious Ukraine crisis. In addition to
Read more
Gold behaves unpredictably as the Ukraine conflict evolves
Inflationary pressures will likely continue to spiral higher as the Russian invasion of Ukraine continues. Russia produces roughly 10% of
Read more
As Russia invades, some commodities will benefit more than others
Additionally to oil, Russia is also a key supplier of several strategic commodities, all of which should benefit from heightened
Read more
Norilsk Nickel’s net profit jumps 92% in 2021
Russia-based Norilsk Nickel (Nornickel), the world’s largest palladium and high-grade nickel producer, has reported that its consolidated revenue increased 15%
Read more
Russia should increase gas availability to Europe
The International Energy Agency, which is backed by developed countries including many of the world’s largest energy consumers, has suggested that Russia could “do more to
Read more
Norilsk Nickel concentrator to return to full operations in October
Norilsk Nickel has reported that its consolidated revenue in H1 of 2021 increased 33% YoY to USD 8.9 billion owing
Read more
Ball to increase its aluminium-recycling manufacturing capacity
As one of the world’s leading manufacturers of infinitely recyclable aluminium beverage packaging, Ball Corporation is planning to significantly increase
Read more
Ecolant to build Russia’s first green metallurgy plant
Ecolant announced the signing of SPIC 2.0 for the construction of Russia’s first green metallurgy plant. A special 20 year
Read more
Danieli Corus to modernize blast furnace at Severstal
Danieli Corus has signed a contract with Severstal to modernize Blast Furnace No 5 in Cherepovets in Russia on a
Read more
En+ Metals produces breakthrough aluminium with world’s lowest carbon footprint
The Metals segment of En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has announced that
Read more
Russian steelmaker tests new anti-corrosion coating
NLMK Group has begun testing zinc-aluminium-magnesium coating TsAM for cold-rolled products in cooperation with the Institute of Physical Chemistry and
Read more
South Africa to lead platinum production recovery in 2021
At the time of writing 269 million doses of COVID-19 vaccines have been administered and the IMF forecast global economic
Read more
RUSAL to modernise aluminium smelters in 2021
Moscow – RUSAL, a leading global aluminium producer, will invest RUB 4.5 bn this year in modernizing the Sayanogorsk and
Read more
Global crude steel output decreases by 0.9% in 2020
Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019. China’s crude steel
Read more
Nornickel shuts down its outdated smelter
MOSCOW – Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, is shutting down
Read more
EUR 100 million key equipment for new zinc plant
HELSINKI – Metso Outotec has signed a contract to deliver a complete package of key process equipment for a greenfield
Read more
Processing equipment for Norilsk Nickel
Metso Outotec has signed an agreement to deliver its industry-leading comminution equipment for Nornickel’s refurbishment project at the Talnakh processing
Read more
Russia’s gold industry set for modest production growth
Russia’s gold industry will see modest production growth, supported by a solid project pipeline and improving gold prices. While the
Read more
Pink diamond sells for $26.6M at Sotheby’s auction
GENEVA – The beautiful pink rock hit the block at Sotheby’s “Magnificent Jewels and Noble Jewels” sale in Geneva, Switzerland
Read more
Aluminium: eco-friendly pitch to reduce emissions by 60%
As part of its environmental modernization program, RUSAL, a leading global aluminium producer, plans to completely switch the reduction area
Read more