News. Russian non-ferrous metallurgy news. July

Rusal is discussing new instruments to support imports of raw materials for aluminum production in Russia with the Industry and Trade Ministry and State Duma committees, the Russian aluminum giant's deputy CEO, Oleg Vaitman said at a Duma Economic Policy Committee roundtable on anti-crisis legislation and the strategic development of Russian metallurgy. "For us, as a company that is significantly oriented toward imported raw materials - in our industry it so happens that bauxite [deposits are ...

Russia plans to start mining at five molybdenum deposits during the coming three years, the Ministry of Natural Resources said. According to the ministry, corporate investments in molybdenum exploration will more than double this year to 4.5 bln rubles ($57.6 mln). "Promising targets to ramp up mining are four deposits being prepared for development: Agaskyrskoye in Khakassia, Ak-Sugskoye in Tyva, Yuzhno-Shameiskoye in the Sverdlovsk Region, Tyrnyauzskoye in Kabardino-Balkaria, and a deposit ...

Saudi Arabia is interested in cooperation with Russia in the area of rare-earth metals, Minister of Industry and Mineral Resources of Saudi Arabia Bandar al-Khorayef told TASS in an interview. "Absolutely," he replied, when asked if prospects for cooperation with Russia in this area were being considered. "Last year, we announced that our reserves had increased from $1.3 trillion to $1.5 trillion, some of which were rare earths. We believe that we have a good percentage. We are now at a stage ...

Irkutsk-based Service TechnoProm LLC has built Russia's biggest centrifugal concentrator for the mining industry, the Irkutsk regional government's press service said. "This equipment is designed to extract gold, platinum and other valuable metals when ores from hardrock deposits are processed. The Irkutsk model's capacity is up to 1,000 tonnes per hour, and there are very few concentrators like it in the world today," the report says, quoting Nikita Kiselev, CEO of Service TechnoProm. The equipment ...

Russian President Vladimir Putin pointed out that gold prices are at an all-time high at a meeting with Yury Chikhanchin, the head of the Federal Financial Monitoring Service or Rosfinmonitoring. "Historic high [for the price of gold]," the Russian leader said in response to Chikhanchin’s assertion that gold prices remain elevated, creating an opportunity to make big profits from buying and selling the precious metal. The Head of state also pointed to the trend of the growing use of gold in ...

Salavatskoye LLC plans to build a copper mine and processing plant in Bashkortostan at a cost of 40 billion rubles, the Chelyabinsk Region company's director, Tagir Bakhtigareyev said. "Upon confirmation of copper ore resources at this property, we plan to implement a major investment project to develop the Salavatskoye copper ore deposit, with the construction of a mine and processing plant in the Abzelilovsky district [...] The amount of investment will exceed 40 billion rubles," Bakhtigareyev ...

RUSAL, one of the world's largest aluminum producers, has improved its rating in EcoVadis, the authoritative international supplier sustainability assessment. The company received 67 points out of 100 possible (compared to 63 in the 2024 rating). RUSAL's higher rating was achieved through improvement of management quality in such areas as the social responsibility and business ethics, for which the Company received 7 and 22 points more than last year, respectively. In the areas of business ethics ...

Nornickel, the world’s largest producer of palladium and a major producer of nickel, copper and platinum presents the fifteenth review of the nickel, copper and platinum group metals (PGM ) markets. Full reports are available on Nornickel’s website.

Production of rare-earth metals (REM) in Russia could increase sevenfold, said Anton Alikhanov, Russian Minister of Industry and Trade at a meeting of the Federation Council Committee on Economic Policy. "We have already developed the basic technologies for separating substances for rare and rare-earth metals. Thanks to large projects with interested investors, we expect to increase our own production of REM sevenfold, reducing dependence on imports to a minimum level," he said. Earlier, Russian ...