Three sources familiar with the situation said that Western sanctions have made it difficult for the company to replace the equipment necessary to boost production.
The shortage of zinc is expected to affect global supply forecasts by 2025. These projections are likely overstated.
Unless Ozernoye makes a significant contribution, it is expected that the ongoing shortage of Zinc Concentrate – an essential raw material used to produce zinc metal for galvanizing steel – will continue. Zinc prices have already reached a 20-month peak due to this supply crunch. Ozernoye told Reuters that it plans to continue producing zinc concentrate at levels similar to its previous targets despite the challenges.
Ozernoye began production in September and aims to reach full capacity in 2025, with an annual output equivalent to 320,000 metric tonnes of zinc in concentrated form, or 2.5% of global mined zinc supplies projected for next year. This is according to the International Lead & Zinc Study Group.
The ILZSG forecasted an increase of 8.9% in zinc supply outside China by 2025, taking into account Ozernoye’s ramp-up. Sources indicate that Ozernoye is yet to produce any material because of difficulties replacing the components required to process ore to concentrate, which were damaged by a fire in Nov. 2023.
Due to U.S. Sanctions imposed following the fire, these components, originally supplied to Ozernoye by Glencore Technology are no longer available. Glencore, a company that uses similar equipment for its Australian operations confirmed it would comply with the sanctions, but declined to elaborate further.
Reuters reported that Western sanctions have made it difficult for the company to replace the equipment necessary to boost production.
The chief of the national police in the country said that on October 24, Moscow had funneled $39 million into a scheme run by a pro Russian oligarch to influence election results by paying ordinary people to vote against closer relations with the West.
Olaf Scholz, German Chancellor, said that a country in war cannot be a NATO member. He made this statement to German public broadcaster ZDF.
In August, Russian Prime Minister Mikhail Mishustin visited Tashkent to discuss with Uzbek officials the possibility of joining the EAEU. Russian President Vladimir Putin called it the “new center of a multipolar universe.”
Pellegrini said, “We agreed with the German Chancellor that the issue of Ukraine’s entry is not on the agenda today and cannot be brought to the agenda.”
Ruslan Muzychuk said on national television that Russian troops were attempting to establish crossings at the Oskil River in order to advance towards the city of Kupiansk, Kharkiv Oblast.
Ukraine’s military intelligence reported on October 24 that the first North Korean soldiers who will be fighting alongside Russian forces against Ukraine are now in Kursk Oblast.
Officials from the administration of U.S. president Joe Biden raised the possibility that these sanctions could be imposed during a G7 meeting of deputy finance ministers on October 22 in Washington D.C.
The bill to end daylight saving time was passed by the Ukrainian Parliament on July 16. The Ukrainians will set their clocks one hour back for the last time in October 2024. They will not return to summer time next year.
The French media La Lettre reported that Auchan, a French chain still operating in Russia is in final talks to sell its Russian subsidiary.
South Korean law prohibits exporting weapons to active conflict areas, but Seoul has hinted repeatedly that this could be changed in light of the deepening military co-operation between Russia and North Korea.
An RSF source told Reuters that the aircraft was an Il-74 transport jet used to deliver weapons, ammunition, and supplies to the city Al Fashir, Sudan, where the Sudanese Army is trying to repel RSF attacks.
Eight women and three males were injured. Oleh Simiehubov, the governor of the region, said that a 73-year old woman died from severe injuries.
The General Staff announced on October 24 that Ukrainian military, lawmakers and experts discussed creating a separate branch within Ukraine’s Armed Forces to be dedicated to cyberspace activities.
Lin Jian, a spokesperson for the Foreign Ministry of Beijing, made the statement in spite of the fact that the U.S.A., Seoul and Kyiv have all confirmed their presence over the past few days.
Michael R. Turner is a long-serving Republican Party member and his comments are by far the strongest from any U.S. politician.
The Air Force reported that Ukrainian forces shot down 40 of 50 Shahed drones and unidentified drones launched overnight by Russia. The Air Force reported that seven more drones had been “lost” and two others were flying toward Russia and Belarus.
During the full-scale invasion of Ukraine, there have been numerous reports of Russian soldiers executing Ukrainian POWs. However, they have increased dramatically in the last year.
Alexander Lukashenko, the Belarusian dictator, said in an interview to BBC that he knew Putin’s character and that he would never try to convince another country to send its army to… Ukraine.
Politico reported that anonymous officials said that Belgium, Slovenia, Spain, and other countries are reluctant to invite Ukraine to join NATO.
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