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Kazakhstan banned the export of scrap metal from the country after May 6, 2022

The restriction on the export of metallurgical raw materials was established by order of the Minister of Industry and Infrastructure Development of...

Boeing launches first 767-300 BCF cargo aircraft production line in China

Chinese Boeing has already ordered more than 100 airlines around the world. Soon it is planned to launch a second line to increase production....

Motorcycles "Ural" will be made in Kazakhstan

Due to sanctions, an acute shortage of components began at Ural Motorcycles....

Russia and India are negotiating the resumption of supplies of coking coal

After Australia almost tripled the price of coking coal for Indian consumers, taking advantage of anti-Russian sanctions, Indian metallurgists...

China will continue to reduce metallurgical capacity while maintaining the growth of steel production

China's steel industry will reduce excess production while maintaining stable growth, senior officials in Beijing have promised....

Coal production in China rose by 14.8% in March

In March, China imported 16.42 million tons of coal, which is 39.9% less than in the same period last year....

India is one of two countries where steel production increased in January-March - steel minister

India produced 31.9 million tons of steel in the first quarter of 2022 with a 5.9% increase in steel production....

Mongolia introduced a limit on the export of precious metals and cash foreign currency

Since the conflict between Russia and Ukraine began on February 24, Mongolian commercial banks have begun imposing unexpected limits on daily US...

POSCO to build a new electrical steel plant

The South Korean steel giant's annual output of electrical steel will rise to 1.13 million tonnes once the new plant is completed in 2025....

The largest private steel company in India decided to stop doing business with Russia

Tata Steel Group, which is the tenth largest in the world in terms of steel production, has ceased cooperation with Russia....

ArcelorMittal reported on the progress of negotiations with the protesting metallurgists in Kazakhstan

Employees of JSC ArcelorMittal Tubular Products Aktau, a loss-making pipe plant, demand a 100% increase in wages....

China approves futures and derivatives law

A special law is needed to tighten control over the Chinese derivatives market, which is the largest in the world in terms of scale....

Tesla resumes electric car production in Shanghai

The production of cars at Tesla's Shanghai plant was suspended on March 28 due to a new outbreak of COVID-19....

Quarterly gold production in Kazakhstan increased by 19%

In monetary terms, for the first quarter of 2022, Kazakh refineries produced precious and non-ferrous metals worth 1.512 billion tenge (about $3.3...

China's industrial production up 6.5% in the first quarter of 2022

In the first three months of this year, China's gross domestic product grew by 4.8% year on year....

Chinese auto industry sets new record for production and sales of commercial vehicles

Sales and production of new commercial vehicles in China rose sharply in March 2022, up 68.1% and 55.2% respectively....

The Minister of Economy of Japan announced state support for companies that buy gas outside of Russia

Japan is focusing on expanding additional LNG supplies to reduce dependence on Russian natural gas....

India intends to significantly increase the consumption of stainless steel

India is the world's second-largest crude steel producer with a January-November 2021 production of 104.91 million tonnes. The consumption of...

Japan's Honda to invest $40 billion in electric cars

Honda is the first Japanese automaker to pledge to phase out gasoline-powered vehicles and plans to launch 30 new electric vehicles by 2030....

China to launch more freight trains to boost coal shipments

In addition, more heavy-haul trains will be put into operation to increase the country's ability to transport coal from north to south....

China has published a plan for the development of hydrogen energy for the period 2021-2035.

Until 2035, the share of renewable energy hydrogen in final energy consumption will increase significantly, which will play an important supporting...

China's wind and solar power capacity continues to skyrocket

China will make efforts to gradually increase the share of non-fossil energy sources in total energy consumption - CCP....

Japan will refuse to buy energy resources from Russia, including stopping purchases of oil and LNG

Japan may consider accelerating the pace of restarting nuclear power to reduce its dependence on hydrocarbons while expanding its renewable energy...

China claims moon rocket stage is not part of its mission

Chinese officials say Chang'e-5 T1 "completely burned up" in Earth's atmosphere shortly after launch...

China has developed a grand space program, intending to become a leader beyond Earth

China plans to complete space station construction and break launch record in 2022...

Elon Musk's SpaceX rocket stage won't hit the moon as previously reported

The part of the rocket destined to hit the moon is actually from China's 2014 Chang'e 5-T1 mission...

US and Japan agree on tariffs on steel

In exchange for the abolition of tariffs on steel invented by Donald Trump, Japan promised to increase taxes on the export of steel products and...

More than 70% of construction projects in China stopped due to the Olympics

Construction is the largest consumer of steel products in China...

Mercedes fined $17 million in South Korea for falsifying CO2 emissions

The Korean Fair Trade Commission said that 15 models of the German brand Mercedes used illegal software that underestimated the real amount of...

China launches world's largest 3.6 GW hydroelectric power plant

The project started in 2013 and includes 12 reversible pump-turbine generators. Each unit has a total capacity of 300 MW. The new pumped storage...

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