Russia and Central Asia Top Stories

Uranium spot prices to climb in ‘staircase’ pattern, Sprott forecasts

Uranium has been buoyed by growing global support for nuclear energy, with more countries pledging to triple nuclear capacity by 2050.

Blair McBride - The Northern Miner | December 17, 2024 | 11:05 am

Russia sells stakes in some Kazakh uranium deposits to China

Kazatomprom accounted for 20% of global uranium production in 2023.

Reuters | December 17, 2024 | 6:42 am

Nornickel will return to positive free cash flow in 2025, CEO says

However, CEO Vladimir Potanin said the company will not distribute…

Reuters | December 14, 2024 | 9:33 am

Norilsk Nickel plans to sell all it produces in 2025

The miner reported a 22% fall in first-half profit in…

Reuters | December 13, 2024 | 7:59 am

China leads world in energy transition, Wood Mackenzie says

The world’s second-largest economy leads the energy transition and is…

Trish Saywell | December 13, 2024 | 7:41 am

Rusal to cut aluminum output by 6%

Rusal said disruption to bauxite supplies from Guinea and Brazil and output suspensions in Australia contributed to a surge in alumina prices.

Reuters | November 25, 2024 | 7:03 am

Russia to continue buying diamonds through state fund in 2025

The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.

Reuters | November 21, 2024 | 10:11 am

Alrosa plans production cuts and staff reduction for 2025

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

Staff Writer | November 21, 2024 | 6:59 am

Gold price rises for third straight day on Russia-Ukraine fears

Gold is up approximately 28% year to date, with gains underpinned by central bank buying, the Fed’s pivot and geopolitical tensions.

Staff Writer | November 20, 2024 | 10:13 am

Putin scolds Tomtor rare earth deposit’s operator over development delays

Located in the north of the Siberian region of Yakutia, Tomtor is a key project in Russia's plans to boost output of rare earth.

Reuters | November 20, 2024 | 6:33 am

Centrus says Russia canceled TENEX’s licence to export low-enriched uranium to US

Russia, the world's largest supplier of enriched uranium, said last week it had imposed temporary restrictions on the fuel's export to the US.

Reuters | November 18, 2024 | 3:44 pm

Wagner Group linked to $2.5 billion in illicit gold trading — report

Globally, artisanal and small-scale gold mining accounts for about 20% of annual gold production.

Staff Writer | November 18, 2024 | 9:36 am

Russia takes aim at US nuclear power by throttling uranium

Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity.

Bloomberg News | November 15, 2024 | 12:25 pm

Solidcore completes acquisition of 55% share in Kazakhstan tin deposit

Solidcore said in October it agreed to buy a share in Syrymbet deposit from Lancaster Group.

Reuters | November 15, 2024 | 9:38 am

First

Last