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Pushilin: DNR and Rosnedra preparing mechanism for lithium deposit development

The authorities of the Donetsk People’s Republic (DNR), together with Russia’s Federal Agency for Mineral Resources (Rosnedra), are developing a mechanism to transfer the Shevchenkivske lithium deposit in the DNR—liberated by Russian forces—for development, DNR head Denis Pushilin told TASS. "The Shevchenkivske lithium deposit, whose territory was liberated by Russian units, is still too close to the frontline to begin work. <...> Together with Rosnedra, we are working out a mechanism to transfer ...

14 April 2025., 13:43 comment

Mining and metallurgical companies are actively upgrading their equipment

In recent developments, metallurgists have initiated significant upgrades to their equipment, encompassing various sectors such as construction, road building, special-purpose machinery, heavy-duty vehicles and locomotives. This trend is evident in both mining and metallurgical companies, as well as in companies operating within the ferrous and non-ferrous metallurgy sector. This is understandable given the large-scale cargo transportation and complex logistics at full-cycle metallurgical plants. ...

14 April 2025., 12:58 comment

Gold futures surge above $3,200 for the tirst time since April 2

The price of gold futures for June 2025 delivery on Comex (a division of the New York Mercantile Exchange) has risen above $3,200 per troy ounce, according to exchange data. At 01:33 Moscow time, the precious metal was trading at $3,209.7 per troy ounce (+2.17%). By 01:48 Moscow time, gold accelerated its gains, reaching $3,212 per ounce (+2.24%). Gold futures previously hit a historic high on April 2, surpassing the $3,200 mark. At 23:29 Moscow time that day, the price rose 1.12% to $3,201.6 ...

14 April 2025., 11:31 comment

Severstal to Invest Nearly 58 Billion Rubles in Environmental Projects by 2025

Severstal plans to invest nearly 58 billion rubles in 2025 into projects aimed at achieving its climate goals and decarbonization. Most of the funds will go toward constructing a complex for iron ore pellet production, the company’s press service announced during the presentation of its integrated 2024 report. “Environmental protection initiatives cost 10.3 billion rubles in 2024. To meet its 2030 climate targets, Severstal intends to allocate 57.9 billion rubles in 2025, primarily for building ...

14 April 2025., 10:20 comment

Rare-earth metals developing project will become a driver for new industries in the Krasnoyarsk Region

Deputy Prime Minister Dmitry Patrushev has instructed the formation of an expert group to determine the economy’s long-term demand for rare and rare-earth metals and to outline a list of products that could be produced in Siberia. The development project for the Chuktukon rare-earth metals deposit in the Krasnoyarsk Region is set to drive the growth of new industries in the region. This was stated in a press release from the Governor’s office following a meeting chaired by Russian Deputy Prime ...

04 November 2025., 10:48 comment

Miass enterprise masters production of two-axis robotic manipulators

At the initial stage, the production volume is 15 robotic systems per month, with plans to increase output as orders for such products grow. The company states that its robots can be custom-built to fit the dimensions of a customer’s machines. According to the developer, the Russian-made robotic manipulator is designed for a service life of at least 10 years, pays for itself in approximately six months, reduces production costs by one-third, and nearly doubles production speed. The first prototypes ...

04 November 2025., 10:32 comment

Deripaska names condition for sharp increase in Russia-China trade volume

The trade volume between Russia and China could surge sharply to $400 billion, but this would require a significant increase in Chinese investments in Russia. Entrepreneur Oleg Deripaska outlined this condition in his Telegram channel. According to him, many economists are currently assessing the potential for expanding mutual trade between the two countries. "To achieve this, a substantial increase in direct Chinese investments into Russian projects and enterprises is necessary — at least 160 ...

04 October 2025., 10:57 comment

Nornickel presented its strategy for the Center for Palladium Technologies (CPT) at the international PGMs Industry Day conference in South Africa

The company’s experts shared early-stage technological developments that could redefine the use of platinum group metals (PGMs), including applications in Africa’s priority sectors like energy, water purification, and electronics. The goal of the Johannesburg event was to initiate dialogue with potential partners across the continent: research institutions, industrial firms, and tech startups. “We aim to share expertise and collaborate with those who, like us, see palladium as a metal of the ...

04 October 2025., 09:56 comment

Asian and the Caucasus steel markets to be discussed in Tashkent

Registration of participants for the 5th International Conference “ Iron & Steel Market of Central Asia and the Caucasus ” (24-25 th of April, Tashkent) is going. The conference has become as the largest and the most representative event in the markets of iron and steel industry and rolling products in Central Asia and the Caucasus. In 2025, the business program will include a review of current trends and pricing environment, analysis of new investment projects, a review of demand drivers, presentations ...

04 September 2025., 12:13 comment

Electrometallurgical plant in Mariupol is planned to be built in two years

A new electrometallurgical plant will be constructed in Mariupol over the next two years, providing jobs for over 2,000 people, according to the city’s mayor, Oleg Morgun. The plant, with an estimated investment of 30 billion rubles, was announced by Mr. Morgun on the sidelines of the Integration-2025 forum in Rostov-on-Don, as reported by TASS. "Behind the Ilyich Iron and Steel Works, construction of a new metallurgical plant is underway. It is progressing at such an accelerated pace that it ...

04 September 2025., 11:20 comment

Russian Minister of Industry and Trade visits SKT Group plant in Pskov

Russian Minister of Industry and Trade Anton Alikhanov and Governor of the Pskov Region Mikhail Vedernikov visited the SKT Group plant in Pskov. SKT Group LLC is an industrial manufacturing company established in 2018 as part of Akron Holding. It consolidated the former plants Pskovgeokabel, Pskovelektrosvar, and Sevkabel. Representatives of the Ministry of Industry and Trade and the Pskov Region toured the plant’s production lines and workshops and reviewed samples of finished products, including ...

04 September 2025., 10:29 comment

Rosatom’s machine building division begins producing reactor vessel for Paks II Unit 6

Metallurgists at AEM-Spetsstal (part of Rosatom’s Machine Building Division) have started forging a batch of blanks weighing around 600 tons, which will be used to produce components of the reactor vessel for Unit 6 of Hungary’s Paks II Nuclear Power Plant. The second phase of the plant is being built using the latest Russian design. The forging process took place in the presence of representatives of the foreign customer. “The Paks II Nuclear Power Plant project is the largest nuclear investment ...

04 September 2025., 10:02 comment

Rosatom launches pilot production line for beryllium-containing materials with annual capacity of 300 kg

The Rosatom State Corporation is launching a pilot production line in Russia for berillium-containing materials, with a capacity of up to 300 kg of processed beryllium per year. This information was provided by the press service of Rosatom’s scientific division. The country’s first experimental facility, designed to test the full technological cycle of producing beryllium-containing components—from ore concentrate to finished metal—will be deployed at Luch NPO Research Institute. Beryllium development ...

04 August 2025., 12:10 comment

Accumulated economic impact of robotics at MMK reaches 730 million Rubles

Over six years, the MMK Group has automated approximately 300 business processes. Mikhail Verisov, Director of the "Next" center for robotic technologies (the RPA solutions integrator at MMK), shared insights into the group’s successful robotics experience during a specialized conference in Moscow. In a presentation titled “Why our robots work and yours don’t?”, mr. Verisov highlighted the achievements of Next, a company with over 70 specialists ensuring 24/7 operation of RPA systems. “Robotic ...

04 August 2025., 11:24 comment

The United States purchased the maximum amount of a precious metal from Russia

In the last month of winter, the United States bought the largest amount of platinum from Russia in the past four months. This was reported by RIA Novosti, citing U.S. Customs data. The transaction amounted to $91.8 million. Notably, imports of this precious metal into the U.S. have increased for three consecutive months, with a 8.3% rise in February. As a result, Russia managed to retain its position as the second-largest supplier of platinum to the American market. South Africa remained in ...

04 August 2025., 10:53 comment

Severstal Steel Solutions' steel structures gets the green light in Belarus

Severstal Steel Solutions Group of Companies has confirmed that its products meet the requirements of the construction market in the Republic of Belarus. Solutions based on cold-formed galvanized profiles have received a certificate confirming their safety. The certification process included comprehensive testing, analysis of the production, and audits of technological processes. A key stage involved testing product samples in accredited laboratories of the BelNIIs Institute. Severstal Steel ...

04 August 2025., 10:11 comment

Steel prices attempt to catch up with rising costs

The analytical service of Sales magazine “Metal Supply and Sales” continues its publication of the MCC-TP Index (Market Temperature Index). The index value is determined through weekly expert surveys. In early April, nearly all experts noted rising prices for steel products. While the situation in the hot-rolled steel sector had previously been characterized negatively, the survey results for the past week indicate stabilization, with a forecast of slow price growth for this product going forward. ...

04 August 2025., 09:36 comment

Export prices for Russian square billets have grown

In March 2025, square billet quotations from Russia’s Black Sea region increased by $14/mt, reaching $444/mt FOB. At the start of the month, the price growth for Russian square billets was supported by positive sentiment in global markets: Turkey saw rising scrap prices, while China experienced growth in finished product futures amid expectations of reduced steel production. However, in the second half of March, buyer demand weakened due to a lack of support from finished product markets. For ...

04 July 2025., 11:17 comment

Enterprises with deep mineral processing are going to emerge in the Arctic

Special licensing programs designed by the Russian Ministry of Natural Resources aimed at mineral extraction development and processing industries in the Arctic, have been in effect since 2023. These programs are valid until 2035. To date, auctions have been held for 64 sites, with plans to issue licenses for a total of 176 sites. “In 2025, auctions will be held for 30 mineral deposits. The largest include the "Amerika" deposit, with titanium reserves of 3.5 million tons, and the "Gremyakha-Vyrmes" ...

04 July 2025., 10:57 comment

Access for Russian cast iron to the EU market may be restored

The European Commission (EC) is considering temporarily expanding access to the European market for certain types of Russian-made cast iron products. This applies to high-demand items such as cast iron drainage pipes, manhole covers, and plumbing fixtures. The measure aims to protect local consumers from price increases caused by U.S. import duties. The temporary authorization is expected to last 12 months, until April 1, 2026. It is worth recalling that starting in 2026, the EU will suspend ...

04 July 2025., 10:47 comment