Ukraine Metals and Mining, China

Visible zinc consumption is growing in Russia (market overview)

In 2019, the average cost of zinc on the LME decreased by 13% to $2 546 per ton compared to 2018. In the fourth quarter of 2019, there was high volatility in quotations.

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Ukrainian Ministry of Energy offers to build uranium mine at the expense of Chinese loan

The Ukrainian Ministry of Energy and Coal Industry discusses with China a joint implementation of an investment project to develop the Novokonstantinovskoye deposit of the Eastern mining and proces

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China might invest $600 mln into uranium production in the Ukraine

​The China nuclear energy industry corporation (CNEIC) and the Ukrainian concern “Nuclear energy” discuss the investment of $600 mln into uranium extraction in the Kirovograd region, the head of the Sumsky regional administration, N. Klochko, says on the results of his visit to China.
“Nuclear energy” cooperates with the Corporation of China nuclear energy industry corporation in the issue of investment attraction at the volume of about $600 mln for joint extraction of uranium in the Kirovograd region, is reported.
In July 2015 “Nuclear fuel” and China nuclear energy industry corporation signed a memorandum of cooperation in the sphere of nuclear energy.

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Russian coal industry loses large export markets in the Ukraine and China

​According to the “Russia coking coal market analysis” made by BusinesStat in 2016, the volumes of its production allow not only to satisfy the domestic demand but export the products. In 2011-2015 coking coal production in the country rose by 23.5% from 65.3 mln tons to 80.7 mln tons. The rate showed the annual growth. In the conditions of a relatively stable domestic demand, the growing focus on export of producers influenced on the production growth.
In 2011-2015 the volume of coking coal export from Russia rose by 73.3% from 9.5 mln to 16.5 mln tons. The export grew significantly in 2012-2013 – by 34.9% and 60.7% respectively against previous years. This growth was due to the growth of supplies to the Ukraine and China. In 2011-2013 the supplies to the Ukraine increased by 1.4 times – from 3.9 mln to 5.6 mln tons, to China – by 7 times: from 0.5 mln tons to 3.3 mln tons.
In 2014-2015 the export significantly fell which was mainly due to the reduction of supplies to the Ukraine and China. The Ukraine focused on the cutting of its dependence on the raw materials from Russia and growth of coking coal import from the far abroad countries. Moreover, coke production seriously fell in the Ukraine due to the situation in the Donetsk and Lugansk regions.

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Turkey limits import of hot-rolled metal from Russia, Slovakia, Japan and China

The Turkey's Ministry of Economy has published the final results of the anti-dumping investigation, concerning imports of hot-rolled steel from China, Russia, the Ukraine, Japan, France, Romania and Slovakia. On the basis of the report, in the next month the country will take a decision on the amount of duties, which tend to fully comply with the size of the calculated dumping margin. At the same time, the cheapest and the problematic Ukrainian import was excluded from the measure, the Kommersant reports.

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The Ukraine insignificantly reduced mining of iron ore

In 2015, the mining enterprises of the Ukraine reduced the mining of iron ore by 2% as compared to the year 2014 to 80.371 million tons, the annual report of the Association of Enterprises Metallurgprom informs.
According to the document, including, the iron ore concentrate production decreased by 2% to 66.813 million tons.

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The Ukraine retains place in top ten of countries, producing steel

By results of the work of metallurgical enterprises in August 2015, the Ukraine increased its steel production by 8.6% as compared to August 2014 to 1.919 million tons, retained the 10th place in the ranking of 65 countries, which are the main world manufacturers of these products, compiled by the World Association of producers steel (Worldsteel).
The fall in the steel production in August was recorded in most of the top ten, except for India, South Korea, Germany and the Ukraine.

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In June, global steel production fell by 2.4%

In June 2015, the global crude steel production made up 136 million tons, which is by 2.4% below the level of June 2014.
China produced 69 million tons of steel in June, which is by 0.8% less than last year. Japan also reduced the steel production by 6.2% y/y or to 8.6 million tons. The reduction took place also in South Korea – by 3.6% to 5.9 million tons. But India increased its steel production by 0.8% to 7.4 million tons.

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Akhmetov and Zhevago to lose $1.5 bln

​A sharp fall of world prices for iron ore raw materials has deprived the owners of the Ukrainian mining and metallurgical companies of record profit.
Last week in the largest iron ore raw materials market in the world – China – another price anti-record was set. The price of a ton of iron ore with 62% iron content with the supply to the Zindao port of China fell to $44.6 that is the worst result since 2005. In a few days the price rose to $50.1/ton but the forecasts for this year stay negative. According to the analysts of Citigroup, in Q3 the price for iron ore will fall to $36/ton, and will not rise over $40 until the end of the year. Thus the average annual price for iron ore raw materials in 2015 will be almost by twice less than in 2014 and by 80% less than in the most favorable for mining companies 2011. Then the price for iron ore reached $191.7.

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In May, global steel production fell by 2.1%

According to the World Steel Association, in May 2015, the global steel production was 139 million tons, which is by 2.1% less than in the previous year.
The Chinese steel production fell by 1.7% to 70 million tons. Japan produced 8.9 million tons of steel in May, which is by 7% less than the level of the previous year, South Korea produced 6 million tons, decreased by 2.6%, and India - 7.68 million tons, which is by 4% more than last year.

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