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Where does the Ural Mining and Metallurgical Company (UMMC) invest?
... allows processing more ore and increasing metal yield.
Kyshtym Copper Electrolyte Plant:
The plant, located in the Chelyabinsk Region, is one of the largest producers of copper cathode in Russia. These products are in demand both on the domestic and global markets due to their high quality.
Smelting equipment: The plant has modernized its smelting units, which allows reducing production costs and improving environmental performance.
Export potential: The plant's cathode copper is used in the electrical ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
... Cut in Libya Will Boost Prices Temporarily (Izvestia).
On August 29, 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, could reduce global oil supply by 300,000 barrels per day, which is about 0.3% of the global volume. In his opinion, this will temporarily raise oil prices; however, a more significant impact will come from the upcoming easing of OPEC+ quotas, which will lead to increased ...
Oil and coal run as lackeys.
... products has a higher priority than the transportation of coal. So, overall, under strict adherence to these rules, oil producers will indeed not be at a disadvantage. However, I think the broader trend and context are more important.
The trend is that global coal prices are falling, making it increasingly difficult for coal producers to cover transport costs. For example, coal prices in the first 10 months of 2024 dropped by 60% compared to the same period in 2022.
As a result of this price drop,...
Airlines will be required to use biofuel: how much could flights become more expensive
... a biofuel market, developing one is essential for energy and economic security and resource diversification. However, other experts suggest a gradual increase in biofuel blending with traditional aviation kerosene as a more practical approach, given global production limitations and safety concerns associated with pure biofuels.
To comply with CORSIA, two fuel categories will be used: low-carbon aviation fuel (LCAF) and SAF. SAF must include at least 10% biofuel, a proportion that should not compromise ...
In Our Ranks: Russia's Oil and Gas Revenues in 2025 May Decrease by 23%
In 2025, Russia's oil and gas revenues may decrease by 23%, impacting the country's economic situation and budget.
In terms of export volumes, a 19% increase is projected by 2026. However, a decline in global oil prices and a strengthening ruble will lead to a 23% decrease in Russia's oil and gas revenues in 2025 compared to 2024, according to a report by Kasatkin Consulting. Nonetheless, industry analysts believe that this figure will rise by 19% the ...