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 ...

Forecast prices for ferrous scrap decreased this week to 23 thousand rubles per tonne, which was the minimum since the beginning of the year. Steelmakers are reducing purchase prices after a short-term increase in scrap prices since April, when some producers were replenishing stocks. Scrap prices may continue to decline until the end of the month and remain at their lowest levels during the summer, which will contribute to lower scrap collection. Since 12 May, the majority of metallurgical ...

"Russia will increase the production of deficient raw materials, including niobium, tantalum, wolfram, beryllium, within the national project titled New Materials and Chemistry, Prime Minister Mikhail Mishustin stated at the Znaniye (Knowledge) society marathon. "The government devoted a separate national project New Materials and Chemistry to handling this problem. The national project will focus on four areas: chemistry, biotechnologies, composites, and rare metals," he said, adding that "the ...