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Rusal in talks on new ways to support imports of aluminum raw materials

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 ...

17 July 2025., 10:40 comment

Russia plans to start tapping five molybdenum deposits over next 36 months

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 ...

17 July 2025., 10:30 comment

Putin visited Magnitogorsk Iron and Steel Works (photos)

On the eve of Metallurgist Day, Vladimir Putin arrived on a working trip to the Ural Federal District. The first item on the agenda was a visit to the Magnitogorsk Iron and Steel Works (MMK). Accompanied by Minister of Industry and Trade Anton Alikhanov, Presidential Plenipotentiary Envoy to the Ural Federal District Artem Zhoga, Governor of the Chelyabinsk Region Alexei Teksler, as well as Chairman of the Board of Directors of Magnitogorsk Iron and Steel Works Viktor Rashnikov and MMK General ...

17 July 2025., 10:15 comment

Saudi Arabia ready to cooperate with Russia in rare-earth metals

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 ...

15 July 2025., 10:40 comment

On the eve of the industry holiday, Metallurgist's Day, the 300th issue of "Metal Supply & Sales" Magazine has been released

On July 14, the summer double print issue of “Metal Supply and Sales” Magazine went out of print. It turned out to be really special, timed not only to coincide with the upcoming professional holiday of metallurgists, but also to the 300th in a row! The electronic version has been published on the website, and the printed version will be sent to readers today. For almost three decades, 300 printed issues of the Magazine have been published with materials covering both the Russian metallurgical ...

15 July 2025., 10:30 comment

Irkutsk firm builds Russia's biggest concentrator to recover gold from ore

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 ...

15 July 2025., 10:25 comment

MMK launches production of unique Russian flat steel with innovative coating

Magnitogorsk Iron and Steel Works (PJSC MMK) has launched the production of flat steel products featuring an innovative corrosion-resistant coating based on a zinc-aluminum-magnesium (Zn-Al-Mg) alloy. The production technology for this unique steel product was developed by the Scientific and Technical Center of PJSC MMK in collaboration with specialists from the Chief Rolling Department. Flat steel with the new alloyed Zn-Al-Mg coating offers enhanced durability, reliability, and cost efficiency ...

15 July 2025., 10:15 comment

Putin notes record-high gold prices

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 ...

07 October 2025., 10:50 comment

How Service Steel Centers support the development of Russian industry

In recent years, the Russian metal processing market has shown steady growth, largely driven by the need for technological sovereignty, active import substitution, and the adoption of modern manufacturing technologies. Following the exit of several foreign suppliers, domestic enterprises faced the challenge not only of maintaining previous production levels but also of ensuring product competitiveness in response to rising demands from clients across diverse sectors — from automotive and heavy ...

07 October 2025., 10:45 comment

Russian largest copper producer to invest 40 bln rubles in copper project

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 ...

07 October 2025., 10:30 comment

Robotic Process Automation to deliver RUB 2 bln in savings across MMK Group by end of 2025

The integration of robotic process automation (RPA) at Magnitogorsk Iron and Steel Works (MMK) is expected to result in cumulative savings of RUB 2 billion by the end of 2025, according to Evgeny Tarabaev, the head of MMK’s Economics Department, who spoke at the software robotics conference “Next Connect: Fusion of Technologies” in Magnitogorsk. MMK has invested approximately RUB 4 billion in a variety of digital solutions and services over the past four years, resulting in savings of RUB 4.7 ...

07 October 2025., 10:15 comment

Trade between Russia, Saudi Arabia up by more than 60% in 2024 to $3.8 bln

Trade turnover between Russia and Saudi Arabia increased by more than 60% in 2024, to exceed $3.8 billion, Industry and Trade Minister Anton Alikhanov announced. "According to the results of last year, the volume of mutual trade increased by more than 60%, exceeding $3.8 billion. In the first quarter of this year, the pace increased even more. We have achieved a fourfold increase in trade turnover compared to the same period last year," he said at the business forum "Industrial Dialogue: Russia-Saudi ...

07 August 2025., 12:20 comment

RUSAL Strengthens Position in EcoVadis Global Supplier Sustainability Ranking

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 ...

07 August 2025., 11:46 comment

Nornickel presents metals market review

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.

07 August 2025., 11:40 comment

Severstal to invest 5 bln rubles in developing Olenegorsk iron ore deposit

Olkon JSC (Olenegorsk Mining and Processing Plant, part of Severstal ) has launched an investment project to develop the Olenegorsk iron ore deposit, the company's press service said. "The project budget exceeds 5 billion rubles," Olkon General Director Nikolai Seleznev was quoted as saying. The investment plan involves open-pit mining until 2044-2045, transitioning to underground operations thereafter. Development requires relocating existing infrastructure including water pipelines, slurry ...

07 August 2025., 11:20 comment

New production of seamless stainless steel pipes in Russia

CYBERSTEEL – the enterprise in Pervouralsk, Sverdlovsk Region, launched a new production of seamless stainless steel pipes. Thanks to this, the company expanded the range of instrumental, heat-exchange and general-purpose pipes for knowledge-intensive industries, and also increased the production of steam generator pipes for nuclear power plants . The volume of investments in technical re-equipment amounted to 12 billion rubles. Of these, 5.2 billion rubles in the form of preferential loans ...

07 March 2025., 11:15 comment

Mechel discussing asset sales, primarily in energy sector

Mechel is discussing selling some of its assets, in particular, energy assets such as Kuzbassenergosbyt and the South Kuzbass State District Power Station, CEO Oleg Korzhov told journalists. "We are operating on the basis that we have assets which would not impact substantially on our cash flow and operations if we removed them from the group. For example, Kuzbassenergosbyt and the South Kuzbass State District Power Station. The same goes for another small plant, the Wartsila Hardware Plant, ...

07 February 2025., 10:40 comment

Production of rare-earth metals in Russia could increase sevenfold

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 ...

07 February 2025., 10:15 comment

Abinsk Electric Steel Works has smelted 16 million tons of steel

Since 2013, Abinsk Electric Steel Works (AESW is part of the Novostal-M Holding) has smelted 16 million tons of steel. “This is not just a figure — it is a symbol of stable growth, a clear strategy, and team strength. The figures speak for themselves. AESW is operating at full capacity, and each year is higher than the previous one. Behind these results is the work of all workers and smelting cycles,” Novostal-M reports. Novostal-M is an active long-term participant of Metal-Expo exhibitions. ...

07 January 2025., 10:45 comment

Evraz to sell North American branch to Atlas investment fund, parties plan to sign deal in H2

Evraz has obtained an OFSI license to sell its North American branch to the Atlas Holdings investment fund, with plans to sign the deal in the second half of 2025, the company said in a statement. The terms of the sale include an advance payment of $50 million and a deferred payment of up to $450 million. The company said that the latter was "payable subject to the achievement of certain milestones by the North America business following the closing of the Sale". We invite you to take part in ...

07 January 2025., 10:15 comment