Metals and Minerals

07.06.2023

Construction of new copper processing plant in Uzbekistan kicks off

At the Almalyk Mining and Metallurgical Combine, the implementation of a major investment project for the Development of the Yoshlik I deposit continues, within the framework of which a number of facilities are being built.

Including copper processing plant No. 3 with a processing capacity of 60 million tonnes of ore...

At the Almalyk Mining and Metallurgical Combine, the implementation of a major investment project for the Development of the Yoshlik I deposit continues, within the framework of which a number of facilities are being built.

Including copper processing plant No. 3 with a processing capacity of 60 million tonnes of ore...

07.06.2023

Uzbekistan identifies largest taxpayers in trade

The Taxpayer Service Department of the Tax Committee under the Ministry of Economy and Finance identified the largest taxpayers in the trade sector in four months.

The first place is occupied by the Metalloinvest Vostok trading house, which paid 100.3 billion soum of taxes in January-April, followed by the Korzinka chain...

The Taxpayer Service Department of the Tax Committee under the Ministry of Economy and Finance identified the largest taxpayers in the trade sector in four months.

The first place is occupied by the Metalloinvest Vostok trading house, which paid 100.3 billion soum of taxes in January-April, followed by the Korzinka chain...

07.06.2023

Bullion hovers on US monetary deadlock

Gold prices traded in a narrow range on Tuesday as investors sought more clarity around the U.S. Federal Reserve's policy outlook, but lower Treasury yields kept a floor under non-yielding bullion.

Spot gold gained 0.1% to $1,963.40 per ounce by 1147 GMT. U.S. gold futures rose 0.3% to $1,980.60.

Gold was stabilising...

Gold prices traded in a narrow range on Tuesday as investors sought more clarity around the U.S. Federal Reserve's policy outlook, but lower Treasury yields kept a floor under non-yielding bullion.

Spot gold gained 0.1% to $1,963.40 per ounce by 1147 GMT. U.S. gold futures rose 0.3% to $1,980.60.

Gold was stabilising...

07.06.2023

Iron ore, steel, coalom the rise on China stimuli

Iron ore futures rose on Tuesday to their highest levels in about seven weeks, as hopes grew for more property sector-focused stimulus measures in top steel producer China.

Steel benchmarks and other steelmaking ingredients in China also advanced as real estate stocks listed in Hong Kong jumped nearly 8% on hopes...

Iron ore futures rose on Tuesday to their highest levels in about seven weeks, as hopes grew for more property sector-focused stimulus measures in top steel producer China.

Steel benchmarks and other steelmaking ingredients in China also advanced as real estate stocks listed in Hong Kong jumped nearly 8% on hopes...

07.06.2023

Copper, aluminium lose ground as other base metals hold firm

Copper prices stumbled on Tuesday on persistent worries about economic growth after weak U.S. data and on bearish technical signals that encouraged speculators to sell.

Three-month copper on the London Metal Exchange eased 0.2% to $8,321 a metric ton in official open-outcry trading after rising by 1.2% on Monday.

"The weak data...

Copper prices stumbled on Tuesday on persistent worries about economic growth after weak U.S. data and on bearish technical signals that encouraged speculators to sell.

Three-month copper on the London Metal Exchange eased 0.2% to $8,321 a metric ton in official open-outcry trading after rising by 1.2% on Monday.

"The weak data...


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