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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

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

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

China increases steel exports to Russia
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 ...
30 June 2025., 11:38   comment

Russian-Thai business dialogue launched at St. Petersburg International Economic Forum
On June 18, the St. Petersburg International Economic Forum started. 20,000 representatives from 140 countries confirmed their participation in the forum. Russian-Thai cooperation covers a wide range of areas - from trade and investment to technology and tourism. Both countries are actively developing partnership within the BRICS framework, discussing the creation of a free trade zone between Thailand and the EAEU, and exploring the possibility of settlements in national currencies. Thailand ...
19 June 2025., 10:04   comment

The exhibition quartet attracted the attention of 8,780 qualified professionals
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 ...
06 November 2025., 10:15   comment

4,350 specialists in one place in a single day — not counting exhibitors
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 ...
06 May 2025., 11:09   comment

Russian ferrous metal exports to Turkey reached a five-month high
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, ...
06 May 2025., 10:34   comment

3,200 industry professionals attended the metal construction and foundry exhibitions on opening day
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. ...
06 April 2025., 12:14   comment

MMK offers technological solutions for the construction industry in Kazakhstan
Magnitogorsk Iron and Steel Works (MMK) takes part in the 25th Anniversary Kazakhstan international construction and interior design “AstanaBuild’ 2025” exhibition. The key exhibition event of the country's construction industry takes place from May 28 to 30 at the EXPO exhibition center. This year's exhibition will bring together 95 companies from 9 countries: Kazakhstan, Russia, Belarus, China, Uzbekistan, Germany, Spain, Italy, South Korea and Belarus. At the exhibition MMK' stand primarily ...
30 May 2025., 10:15   comment

Samsung has abandoned Russian metals for displays
South Korean Samsung Display has stopped purchasing Russian gold, tungsten and tantalum, according to the company's reports. Previously, these metals were supplied by Krastsvetmet, Solikamsk Magnesium Plant (part of the mining division of State Corporation Rosatom) and other Russian enterprises. Experts do not rule out that the refusal may lead to an increase in the cost of electronics by 2-5%. Samsung Display, part of Samsung Semiconductor, makes screens for smartphones, including the Apple ...
28 May 2025., 10:30   comment

Russia to resume supplies of rolled products to India
In June 2025 Russian metallurgists will supply 35,000-40,000 tons of hot-rolled steel to India at a price of $460-470 per ton on CFR basis (delivery to the port, loading and freight). This is stated in the May review of the Indian analytical company Bigmint, Vedomosti reports. This is the first such deal for the last year and a half. The price offer of Russian producers turned out to be 3-5% lower than Chinese competitors, Bigmint notes. In May on the Indian market a ton of rolled products from ...
27 May 2025., 10:40   comment

Steel Construction Strengthens Its Position
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 ...
26 May 2025., 11:48   comment

Japan expanded imports of non-ferrous metals from Russia
In April 2025, economic relations between Japan and Russia showed positive dynamics. The total trade volume between the two countries increased by 2.48% compared to the same period last year, reaching a mark of 87.713 billion yen, equivalent to about 607.6 million US dollars. These data are presented in a report by Japan's Ministry of Finance. Total imports of goods from Russia to Japan showed an increase of 5.6 percent, reaching 57.177 billion yen, equivalent to about 396.5 million U.S. dollars. ...
26 May 2025., 10:45   comment

China purchased a record $612.1 million worth of aluminum from Russia
In April, China purchased aluminum from Russia for the highest ever amount of $612.1 million, according to the data of the Chinese Statistical Service, which was analyzed by RIA Novosti. Deliveries in mid-spring grew 1.8 times year-on-year. As a result, the share of Russian companies in China's imports for the year jumped almost twice - to 39.5% from 22.7% in April last year. In addition to Russian companies, large supplies to China were also made by Thailand, which increased sales of these ...
26 May 2025., 10:30   comment

Russia in April increased iron and steel supplies to South Korea
Russia in April increased iron and steel supplies to South Korea to the maximum 67.4 thousand tons in almost a year and a half, according to the data of the South Korean statistical service, which was studied by RIA Novosti. South Korean companies bought 67.4 thousand tons of iron and steel worth $30.3 million from Russian businesses in April, more than triple the level a month earlier in both monetary and physical terms. Shipments were higher last time in December 2023 at 69.1 thousand tons, ...
26 May 2025., 10:15   comment

ROSATOM is ready to expand cooperation with the US

The US purchases enriched uranium from Russia because it is cost-effective, and Russia is ready to expand the agenda of this cooperation, Alexey Likhachev, Head of ROSATOM, told reporters. The majority of states have not cut pre-existing ties with ROSATOM, he noted. And for Russia, selling uranium to other countries, including the US, is a very profitable business. "Despite all bans, the Americans buy it [uranium] because moneywise, it makes sense for them. In this respect, especially in the ...
23 May 2025., 10:30   comment

South Korea bought a record $126.4 million worth of aluminum from Russia
Russian companies in mid-spring sold 46 thousand tons of unprocessed aluminum to the South Korean markinet for $126.4 million, which is about twice as much as a year earlier in both physical and monetary terms. Since the beginning of this year, South Korea has purchased 148.2 thousand tons of aluminum from Russia, which is a quarter more than last year's level. The revenue from these supplies amounted to 411 million dollars against 275 million dollars in January-April 2024. Russia became the ...
22 May 2025., 10:30   comment

Export of main types of stainless steel products from Russia increased by 20.1%
According to the expert assessment of the Russian Association "Special Steels" (“Spetsstal”), in 2024 the export of main types of stainless steel products from the Russian Federation amounted to 9863 tons (excluding EAEU countries). The volume growth compared to 2023 is 20.1%, relative to 2022 - 9%. “The structure of stainless steel exports was represented by seamless pipes, whose share in the total volume amounted to 41.3% (in 2023 - 43.6%), flat hot-rolled products - 23.4% (8.3%), primary ...
22 May 2025., 10:15   comment

Agenda of Russia-Afghanistan dialogue included rare-earth metals discussion

The topic of rare-earth metals was raised during the dialogue between Russia and Afghanistan, Russian Deputy Prime Minister Alexey Overchuk told reporters. He drew attention to the fact that "Russia has all the necessary competencies to conduct geological exploration." "Moreover, back in the days of the Soviet Union, we studied the territory of Afghanistan. Of course, some materials need to be updated, but we are also discussing it," he added. The first Russian-Afghan business forum was held ...
21 May 2025., 10:30   comment