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 ...

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 ...

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 ...

Amid weak domestic demand, China is ramping up its steel exports — including to Russia. In the first five months of the year, exports of iron, steel, and related products to Russia grew by approximately 16% in value terms, compared to an increase of just 1.3% in 2024. For now, exports are primarily focused on stainless and specialty steels not produced in Russia. However, in some Russian regions, standard construction-grade long products from China have already begun to appear. According to ...

From June 3 to 5, 2025, the international exhibitions SteelStructures’2025, Metallurgy/Litmash.Russia’2025, Tubes.Russia’2025, and Wire’2025 were held in Moscow. The events were organized by Metal-Expo in cooperation with Expo Fusion. A total of 450 companies from 7 countries presented their booths, and 8,780 professionals from the metallurgy and metal trading sectors, the foundry and hardware industries, and the construction sector visited the exhibitions. The influx of guests was so high that ...

On June 4, the second day of the exhibition complex comprising Metal Structures’2025, Metallurgy’2025, Litmash’2025, Tubes’2025, and Wire’2025, the booths of 450 companies from 7 countries were visited by 4,350 professionals from the metallurgy and metal trading sectors, the foundry industry, and the construction sector. A large number of partners and business counterparts visited the booths of Severstal, the EVRAZ STEEL ecosystem, Novostal-M Metallurgical Holding, MMK, and a wide range of other ...

In April 2025, Russian ferrous metal shipments to Turkey showed significant growth, increasing 1.5 times compared to the same period last year. According to the Turkish Statistical Service, exports totaled $253.6 million, the highest since December 2024. Month-on-month growth in shipments reached 23.4%, emphasizing the steady demand for Russian steel products. In the first four months of this year, the total volume of ferrous metal exports from Russia to Turkey exceeded 922 million dollars, ...

On June 3, t he opening day of the exhibition complex including SteelStructures’2025, Metallurgy’2025, Litmash’2025, Tubes’2025, and Wire’2025, a total of 3,200 visitors were registered. Despite the new venue of the exhibition consortium (Timiryazev Center), the attendance on the first day remained high from the very beginning. This year, the exhibitions feature 450 companies from 7 countries: Russia, China, India, Turkey, Iran, Italy, and Belarus. The first day was packed with business events. ...

The 10th International Specialized Exhibition “ SteelStructures’2025 ”, will be held on June 3-5, 2025 at “Timiryazev Center” in Moscow, bringing together manufacturers of metal and steel structures, products, and their consumers. The event will be held at the new exhibition complex “Timiryazev Center” in Moscow. The production volume of steel structures in Russia reaches 4 million tons per year. By 2025, further implementation of infrastructure projects is expected, including high-speed road ...

Russia and Pakistan have concluded an agreement on the construction of a steel mill in the city of Karachi in southern Pakistan. It was formalized at a meeting between Russian Ambassador to Pakistan Denis Nazarov and Special Assistant to the Prime Minister of Pakistan Haroon Akhtar Khan. Both parties agreed to establish joint Russian-Pakistani groups for the construction of the new enterprise. It will be located on the site of the liquidated Pakistan Steel Mills (PSM). The Pakistani government ...

The Brazilian government and Russia’s Tenex, a subsidiary of Rosatom (formally known as Techsnabexport, Tenex being its export brand), have launched discussions on the joint extraction of uranium and lithium in the South American republic, the Brazilian newspaper Folha de S.Paulo reported, citing Minister of Mines and Energy Alexandre Silveira. The sides aim first to assess the feasibility of launching joint mining projects, he said, noting that Brasilia expects the partnership with Russia to ...

Russia has proposed to India a series of measures to expand imports of Russian coal, the Russian Energy Ministry said after Coal Industry Department director Pyotr Bobylev visited the country. For example, Russia suggested signing an intergovernmental agreement to support imports of coking coal as well as establishing supply volumes for thermal coal. "Given the Indian steel industry's rising demand for coking coal, we see a lot of potential in the development of Russian-Indian cooperation in ...

"On April 28, Uzbekistan hosted the opening of the anniversary edition of the International Trade Fair "INNOPROM. Central Asia". The event, having brought together representatives from 35 countries, including Russia, Uzbekistan, Belarus, Qazaqstan, Kyrgyzstan, Turkmenistan, Azerbaijan, China, Türkiye, the UAE, and Saudi Arabia, is being held at Tashkent’s brand-new business venue — CAEx Uzbekistan," shares Anton Atrashkin, Program Director of "INNOPROM. Central Asia". Over the past five ...

About 70 projects in the field of natural resources extraction are being prepared for launch in Argentina. Most of the projects with Russian participation are at the initial stages, including the approval of work permits (in the field of ecology and social sphere), after which the companies will begin to assess the viability of the projects, explained in the Embassy of Argentina in the Russian Federation. Despite the fact that Russian companies are most interested in projects related to lithium ...