Metallurgy news

• Central banks turned their backs on the dollar Since the financial crisis in 2008, the world's major central banks are increasingly buying physical gold and storing it in their vaults. This represents the longest global gold buying cycle since the Vietnam War began in 1965. At the same time, world gold reserves of central banks were in decline... 07.03.2016  11:49

• Armistice is observed in Syria On the territory of Syria, in general, the ceasefire regime is observed, but there are occasional shelling, according to the official spokesman for the Russian Ministry of Defense, Major General Igor Konashenkov. “In general, the cessation of hostilities is observed in the territory of the S... 07.03.2016  11:08

• In 2016, wheat production in Ukraine may decrease by 28 percent In the current season, wheat is likely to maintain its leading position in the Ukrainian grain market in terms of production and export volumes. According to APK-Inform analysts, the export potential of wheat in 2015/16 is 14.1 million tons. Active export of wheat strengthened Ukraine's position in... 06.03.2016  12:50

• Turkey's terms on the refugee deal Turkey has formulated its conditions for concluding a deal with the EU: Ankara wants, as soon as possible, a visa-free regime to the Schengen zone for Turks; receiving three billion euros; Turkey also wants EU support for territorial expansion in Syrian territory. Expansion: Turkish President... 06.03.2016  12:18

• Russia's defense budget will be reduced by 5 percent The budget of the Russian Ministry of Defense was previously planned to be cut by 10 percent, but now a decision has been made to cut it by 5 percent, according to Deputy Defense Minister Tatyana Shevtsova. The reductions will not affect social obligations to the military and the state armaments... 06.03.2016  11:55

• Chinese authorities predict economic growth of 32 percent until 2020 By the end of the 13th five-year plan, the total volume of China's economy will exceed 13.8 trillion. dollars or 90 trillion. yuan, as stated in the report of the government of that country. In 2015, China's GDP amounted to 67.67 trillion. yuan, which is about 10.3 trillion. dollars. The report... 05.03.2016  17:11

• US steel industry is in crisis Rob Robson, director of corporate logistics at Nucor, told the US Senate. The statement was made during his speech in the Senate, with the aim of increasing support for the domestic metallurgical industry, which, in his opinion, is in crisis. The Water Resources Development Act (WRDA) can also help... 05.03.2016  12:04

• Copper price reaches its highest level in three months The London Metal Exchange (LME) reported that three-month copper prices jumped to their highest level in more than three months. Copper reached $ 4,856 per tonne, the highest level since early November 2015, according to the LME's 3-month report. Rising hopes for a possible global economic... 04.03.2016  10:35

• Oil price continues to rise On Friday, world oil prices are in the "green" zone against the backdrop of investor optimism in connection with the fall in the production of "black gold" in the US for the sixth week in a row, as evidenced by the statistics of the country's Ministry of Energy and Friday trading data. As of... 04.03.2016  10:18

• China helps Russian companies weather the crisis China and Russia are forging partnerships to break US dominance in the global economy. In order to get through the current crisis, the Bank of China is funding large-scale Russian companies. Russian energy giant Gazprom has secured a € 2bn loan from China. This is the largest loan the company h... 04.03.2016  09:56