Articles Tagged "Russia"

Russia to cancel 5% import tariff on copper scrap

Reports reveal that in order to raise the domestic copper refinery supply of raw materials, Russia’s government declared that it will cancel the import tariffs on copper scrap from 5% to zero for 9 months. For full story, click here

Russian Copper Freezes Zinc, Nickel Projects

Due to the financial global crisis the Russian Copper Company has sidelined their intentions to expand into nickel and build a zinc plant with a rival company.  The company, Russia’s third largest copper producer, intends to continue its current projects without any production cuts. “We are not closing any projects. We are only putting on [...]

Declining Asian Consumption and a Diving US Dollar Battle Copper Prices

By Leia Michele Toovey – Exclusive to Copper Investing News The two major news pieces on the copper market early this week are: declining Chinese consumption, and Fannie and Freddie’s bailout wrecking havoc on the US economy. Top copper consumer China released a report showing copper consumption levels in June down 17% compared to May, [...]

Russian Tycoon Joins Udokan Copper Race

Billionaire Alisher Usmanov, half-owner of Russia’s Metalloinvest mine, is in the race to develop the Udokan copper field.   Several companies have already submitted bids, including Norilsk Nickel (GMKN.MM: Quote, Profile, Research, Stock Buzz), Russia’s largest copper miner, and Strikeforce Mining and Resources Ltd (SMR), the mining arm of billionaire Oleg Deripaska’s Basic Element company. Read the complete article [...]