Metals and Minerals

11.09.2024

Almalyk Mining and Metallurgical Complex records over $425mn in exports, surpassing forecast by almost 20%

From January to August 2024, the Almalyk Mining and Metallurgical Complex (AMMC) reported that it met and exceeded its export projections. Over this period, the company exported goods worth over $425mn, achieving 118.8% of its forecasted target.

AMMC’s copper product exports reached 36,219 tonnes, fulfilling 140.9% of the forecast. In addition,...

From January to August 2024, the Almalyk Mining and Metallurgical Complex (AMMC) reported that it met and exceeded its export projections. Over this period, the company exported goods worth over $425mn, achieving 118.8% of its forecasted target.

AMMC’s copper product exports reached 36,219 tonnes, fulfilling 140.9% of the forecast. In addition,...

11.09.2024

U.S. bans Russia’s uranium imports, Uzbekistan may step in

Uzbekistan’s uranium industry is in the spotlight as geopolitical shifts threaten to reshape the global nuclear energy market. Following the U.S. ban on Russian uranium imports, enacted on August 12, under the Prohibiting Russian Uranium Imports Act, the question arises: how will this affect Uzbekistan, one of the world’s top...

Uzbekistan’s uranium industry is in the spotlight as geopolitical shifts threaten to reshape the global nuclear energy market. Following the U.S. ban on Russian uranium imports, enacted on August 12, under the Prohibiting Russian Uranium Imports Act, the question arises: how will this affect Uzbekistan, one of the world’s top...

11.09.2024

Bullion steady, silver up pending US inflation update

Gold prices were little changed on Tuesday as investors exercised caution ahead of a key U.S. inflation reading on Wednesday that could influence the Federal Reserve's policy decision next week.

Spot gold was steady at $2,506.59 per ounce by 1031 GMT. U.S. gold futures were little changed at $2,535.20.

The U.S. consumer...

Gold prices were little changed on Tuesday as investors exercised caution ahead of a key U.S. inflation reading on Wednesday that could influence the Federal Reserve's policy decision next week.

Spot gold was steady at $2,506.59 per ounce by 1031 GMT. U.S. gold futures were little changed at $2,535.20.

The U.S. consumer...

11.09.2024

Most non-ferrous base metals depreciate with demand in limbo

Copper prices retreated on Tuesday on persistent worries about the health of the Chinese economy and metals demand after fresh data.

Three-month copper on the London Metal Exchange (LME) eased by 0.4% to $9,063.50 a metric ton in official open-outcry trading, having gained 1.1% in the previous session.

Data on Tuesday added...

Copper prices retreated on Tuesday on persistent worries about the health of the Chinese economy and metals demand after fresh data.

Three-month copper on the London Metal Exchange (LME) eased by 0.4% to $9,063.50 a metric ton in official open-outcry trading, having gained 1.1% in the previous session.

Data on Tuesday added...

10.09.2024

Uzbekistan's foreign reserves reach $39.15 billion as gold prices push asset value up by $1.75 billion

As of September 1, Uzbekistan's foreign exchange reserves reached $39.15 billion.

In August alone, the value of international assets grew by $1.75 billion, or around 4.7%. According to the Central Bank's website, this marks one of the highest levels since such statistics began being published in 2018.

The primary driver of this...

As of September 1, Uzbekistan's foreign exchange reserves reached $39.15 billion.

In August alone, the value of international assets grew by $1.75 billion, or around 4.7%. According to the Central Bank's website, this marks one of the highest levels since such statistics began being published in 2018.

The primary driver of this...


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