News

PRESS-RELEASE

In view of expiration of exclusive agency agreement between “UMP”, JSC and Metalink International Co., Ltd. (China) starting from 01.01.2008 all rights on selling aluminium-beryllium master alloys  in China and South-East Asia will be transferred to Ulba-China Co., Ltd. -  daughter company of “UMP”, JSC.

 Ulba Metallurgical Plant JSC rises prices

UMP JSC rises prices for Beryllium metal and Beryllium products. Starting from July 15th price for Beryllium metal as ingots shall be USD 490 per kg. Prices for Beryllium products will rise for approximately 30% from the existing prices. Final prices for products shall be fixed depending on the grade of Beryllium used for producing the items and according to its complexity.
New prices shall be used for contracts signed after July 15th, 2007 and not cover the existing contracts.
Increasing the prices for Beryllium and its products resulted from the objective reality. Inflation processes in economics associated with continuous increase of the cost of energy carriers, that of the salaries and other factors influenced the cost of major and auxiliary materials and reagents purchased for production and resulted in the rise of operational costs of the plant. Thus, UMP JSC had to decide on the increase of prices for finished products.
Beryllium is a metal with the unique physical and mechanical properties allowing to use it and its compounds for fabrication of air and space apparatus as well as equipment for nuclear power and defense industry.
UMP JSC as a part of National Atomic Company Kazatomprom is the largest multi range facility with the well developed infrastructure and full cycle of production from mining the ore concentrate to producing Beryllium and its alloys.

This is to officially state that Yuyao Jintian Industry & Trade Co., Ltd., China (Mr.Young Jin Tian) has never had before and does not currently have a status of the exclusive agent for ULBA Metallurgical Plant in the sale of Copper-Beryllium master alloy in the Chinese market.

The exclusivity info placed in website of the said company does not conform to reality.

ULBA Metallurgical Plant is in agreements with some Chinese companies for Copper-Beryllium master alloys. Aluminum-Beryllium master alloys produced at ULBA Metallurgical Plant are sold to the Chinese market through Metalink International Co., Ltd., with which ULBA Metallurgical Plant concluded an exclusive agent agreement remaining in force until December 31, 2006.

Because of abrupt change of prices for Copper and Nickel during 2003 and current instability of the same, since January 2004 ULBA Metallurgical Plant has been applying a new method of contract pricing for Copper and Nickel based alloys. According to this new method the price for Copper and Nickel based products comprises a fixed price for Beryllium for this type of products, multiplied by Beryllium contained, and a variable price for Copper (Nickel) multiplied by Copper (Nickel) contained. The price for Copper (Nickel) is taken as a LME average price for Copper (Nickel) for the month preceding shipment.