. April

Russia sharply increased copper exports to China in March

China's copper imports from the United States fell 1.9 times to $204.8 million in March this year, according to Chinese customs. This was the minimum for bilateral trade since April 2023 and is noticeably less than the average level of purchases for last year (371.9 million dollars, RIA Novosti reported. The main beneficiary of this decline was Russia, which in March became the second major source of copper for China. Russian exports for the year rose by $495.4 million, or 2.7 times, to $790.9 ...
23 April 2025., 11:40   comment

Nornickel announces consolidated production results for 1Q 2025

Nornickel, the world’s largest producer of palladium and a major producer of Class I nickel, platinum and copper, announces preliminary consolidated production results for the first quarter of 2025. Senior Vice-President — Operating Director, Alexander Popov commented on the production results, "In 1Q 2025, platinum production increased, whereas the output of other metals was slightly lower than a year ago. The modest decline of nickel production was temporary and due to scheduled short-term ...
22 April 2025., 11:17   comment

The active construction phase of the Baimsky GOK started

The active construction phase of the Baimsky Mining and Processing Plant (Baimsky GOK) was launched in the Chukotka Autonomous District. This is Russia's first mining and processing plant using unmanned technologies and the Internet of Things in copper ore mining. Dmitry Grigorenko, Deputy Prime Minister and Head of the Government Staff, and Yury Trutnev, Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, familiarized themselves with the construction ...
22 April 2025., 10:40   comment

Russia accounts for 8.8% of the world's copper reserves

Such data is contained in the State Report on the state and utilization of mineral resources of the Russian Federation, published on the website of the Ministry of Natural Resources of Russia. Copper belongs to the first group of minerals, the reserves of which, under any scenario of the national economy development, meet its necessary needs until 2035. Russia has a large raw material base of copper and ranks 7th among the largest producers. The basis of the country's raw material base is formed ...
17 April 2025., 10:15   comment