Tuesday, March 19, 2024
The coup d'état in Guinea remains the main theme in the industrial metals market, as this West African state is the world's largest supplier of bauxite, without which aluminum production is impossible, Russian media reported. At the same time, China, as part of improving the environmental situation, closed a number...
According to the AEB, sales of passenger cars and light commercial vehicles in Russia dropped by 17% in August, reaching 114.1 thousand units, Kommersant reports. A month earlier, the market dropped by 6.5 percent, to 132.64 thousand vehicles, but if the high base of July 2020, when sales increased...
The Federal Antimonopoly Service (FAS) is checking the largest Russian manufacturers of valves for possible collusion, which has led to an increase in prices, Russian media reported. Checks are being carried out at NLMK, Novostal-M, Tulachermet-Stal, and PMH, FAS stated. "The FAS has data at its disposal that may indicate signs...
The shortage of microcircuits in the world will reduce the production of cars in 2021 by 7-9 million vehicles. The lack of electronic components has led to a stop of the conveyors of all automakers in different countries, according to a study by BCG (Boston Consulting Group). The chip deficit...
Three persons aboard the prototype Ilyushin Il-112V military transport plane crashed during a test flight in the Moscow region on Tuesday, according to its builder, United Aircraft Corporation, Reuters reports. According to the company's press release, it was uncertain if there were any fatalities in the incident. However, an unnamed source told RIA...
Aluminum prices in the United States and Europe will remain high for some time due to Russia's mining tax, however efforts to drive prices further up will likely meet headwinds from traders selling their equities, according to experts, Reuters reports. From August to December, Russia placed a 15% tax on aluminum exports, with...
According to the firm, Alrosa diamond manufacturer in Russia boosted its revenues 14-fold in July 2021 compared to the same month last year. According to Vedomosti, Alrosa's rough diamond sales hit $2.55 billion in the first seven months of the year, which is 2.6 times more than in the...
More than 60 new and over 200 upgraded aircraft will be delivered to Russia's air force by the end of the year, according to Lt. Gen. Sergei Dronov, Deputy Commander-in-Chief of Russia's Aerospace Forces, in an interview with the Krasnaya Zvezda newspaper, TASS writes. "By the end of the year,...
According to a statement issued by the Association of Confectionary Manufacturers (ASKOND) on Wednesday, Russia will overtake Switzerland in terms of chocolate exports in 2021. "Russian exports of chocolate and chocolate items grew by 18.6 percent in volume terms and 11.8 percent in value terms year on year at the...
According to TASS, a Russian drug maker, Petrovax Pharm, plans to produce up to ten million doses of the Chinese Convidencia coronavirus vaccine each month in Russia. A production line for the manufacturing of this vaccine has been completed by the business. The new production line can produce up to...