Aluminum   $ 2.1505 kg        |         Cobalt   $ 33.420 kg        |         Copper   $ 8.2940 kg        |         Gallium   $ 222.80 kg        |         Gold   $ 61736.51 kg        |         Indium   $ 284.50 kg        |         Iridium   $ 144678.36 kg        |         Iron Ore   $ 0.1083 kg        |         Lead   $ 2.1718 kg        |         Lithium   $ 29.821 kg        |         Molybdenum   $ 58.750 kg        |         Neodymium   $ 82.608 kg        |         Nickel   $ 20.616 kg        |         Palladium   $ 40303.53 kg        |         Platinum   $ 30972.89 kg        |         Rhodium   $ 131818.06 kg        |         Ruthenium   $ 14950.10 kg        |         Silver   $ 778.87 kg        |         Steel Rebar   $ 0.5063 kg        |         Tellurium   $ 73.354 kg        |         Tin   $ 25.497 kg        |         Uranium   $ 128.42 kg        |         Zinc   $ 2.3825 kg        |         
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In a bid to enhance environmental sustainability, Yuriy Ryzhenkov, CEO of Metinvest Group, emphasizes the pivotal role of digital technologies in revolutionizing the Ukrainian steel industry. Speaking at the B7 Italy 2024 conference, Ryzhenkov highlighted the transformative potential of IT and artificial intelligence (AI) in steering traditional sectors towards greener practices.

Ryzhenkov underscored the remarkable strides made by the Ukrainian steel sector, leveraging AI and analytics to bolster process efficiency. Notably, Azovstal surpassed competitors in 2021, courtesy of AI applications, while augmented reality expedited maintenance tasks and advanced computer vision systems elevated product quality standards. Despite the challenges posed by geopolitical tensions, internal data management systems ensured operational continuity during tumultuous times.

Acknowledging the global momentum towards environmental initiatives like the Green Deal, Ryzhenkov emphasized the indispensable role of metallurgy in this trajectory. While the industry grapples with traditional frameworks, digitalization emerges as a catalyst for fostering sustainability, efficiency, and competitiveness. Ryzhenkov stressed the necessity of integrating digital and green transitions within heavy industries to align with evolving global paradigms.

However, Ryzhenkov cautioned against the inherent challenges in navigating this transition, citing a shortage of IT specialists adept at facilitating transformation. The evolving landscape necessitates a paradigm shift in talent acquisition, with Metinvest now training IT professionals to spearhead green and digital initiatives, marking a significant departure from conventional recruitment strategies.

The B7 Italy 2024 conference, hosted by Confindustria, provided a platform for dialogue among G7 nations’ businesses and governments, amplifying discussions on sustainable industrial practices. Amidst geopolitical uncertainties, Ryzhenkov reaffirmed Metinvest’s unwavering commitment to green strategies, aligning with Ukraine’s accelerated pursuit of EU integration.