The world’s largest diamond miner by output, Russia’s Alrosa, is targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize, Mining Weekly reports.
According to CEO Sergey Ivanov, the company, which typically hasn’t promoted stones outside Russia, contributed $25 million to the...
Glencore and Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminum after the U.S. Treasury allowed an extension of the deadline for companies to divest from the Russian firm under U.S. sanctions, sources told Reuters.
There was no other detail about the request, but...
After a less than inspiring performance in February and March, Russia’s manufacturing Purchasing Managers Index (PMI) grew to a three-month high in April, Intellinews reported. The IHS Markit Russia PMI Index increased to 51.3 in April up from 50.6 in March. The no-change mark is denoted by 50 in the index.
The...
Nord Pool, the leading power market in Europe’s Nordic region, restored access on Tuesday to Rusal’s Swedish aluminum smelter after it was suspended from trading last month in the wake of U.S. sanctions on the Russian company, Reuters reported.
Nord Pool suspended Rusal’s Kubal smelter from trading on its exchange on April...
Russia’s Rostec State Corporation and investment giant Sistema plan to close a deal on establishing a joint venture in the field of microelectronics which may include about 20 enterprises as early as this month, RBC reported, citing sources in both companies.
According to RBC sources, Sistema is going to control...
The share of Russian-made pharmaceutical drugs for cancer treatment almost reached 50% in its segment of the market in 2017, rising from 13.2% to 46.9% over the past five years, Izvestya reported citing a report by the Ministry of Industry and Trade obtained by the newspaper.
Meanwhile, the share of Russian...
Russia’s aluminum giant Rusal has dramatically reduced exports a month after Washington had slapped sanctions on the company and its major shareholders, Kommersant reports.
Rusal’s aluminum shipments abroad fell 70% by March, the newspaper wrote citing data provided by Russian Railways. Yet, by contrast, there has been a notable - up...
Steel volumes increased on Europe’s steel market after the United States imposed import tariffs, as some manufacturers diverted their product to the European Union, the head of Germany’s steel association said, according to Reuters.
“In the first three months (of 2018), imports from Russia rose by 139 percent from a...
The Supervisory Board of Alrosa company has approved the acquisition of Kristall Smolensk Diamonds, the largest Russian producer of polished diamonds, the company said. Kristall is now fully owned by the Russian state.
According to Interfax agency, the company will assess the value of Kirstall’s shares and send it to...
Russia’s oldest car company GAZ is reported to have said that it may have to cease vehicle assembly in Russia in June because of recently imposed U.S. sanctions, Automotive Logistics reports. The Washington measures have blocked the import of automotive components from the U.S., Germany and the Czech Republic.
Since...
