We cover the mining and metals sector and industrial projects
Industry strategies and research, Business Intelligence
The markets of Central Asia and the South Caucasus, the CIS, and the MENA and APAC regions
MMITC works with industrial and investment projects in metals, mining and raw-material industries. We assess project economics, develop industry strategies and study markets — drawing on industry data, fieldwork and direct access to market participants across the region.
Development of strategic modules for industry and national metallurgy development programs.
Consulting
Strategic modules for industry and national development programs.
Market balance by segment, consumption structure, competitive landscape and export potential.
Research
A complete market picture, from consumption structure to the competitive landscape.
Feasibility studies for manufacturing and mining projects, including for raising finance.
Consulting
Feasibility studies for manufacturing and mining projects.
Entry model, target niches, customer profile and barrier assessment.
Consulting
How to enter an unfamiliar market and where the margins are.
On-site monitoring and mystery-shopping methodology — one of the firm's own core competencies.
Research
Data you cannot get from statistics or open sources.
Regular import and export reports: volumes, prices, companies and HS codes.
Data
Structured import and export statistics based on customs data.
Closed and hard-to-reach markets where standard data sources do not work.
Research
Closed and hard-to-reach markets where standard sources do not work.
Review of projects and assets for M&A and investment decisions.
Consulting
Independent review of projects and assets ahead of a transaction.
Interactive dashboards and market-monitoring systems for management decisions.
Data
Interactive monitoring systems instead of spreadsheets with hundreds of thousands of rows.
Routes, logistics costs, and availability of raw materials and semi-finished products.
Consulting
What to ship and from where, at what cost and under what constraints.
Verification of technologies and technical solutions, reserve estimation, and mine planning.
Consulting
Review of technologies and technical solutions in mining and metals projects.
Financial modeling of projects and operating facilities.
Consulting
A project financial model as the basis for the investor's decision.
Recruitment of senior technical specialists for the mining and metals sector.
Consulting
Search for senior technical specialists in the mining and metals sector.
Tailored programs for the management of industrial companies.
Training
Tailored programs built around the client's production chain.
Representing the client's interests in the region and independent on-site control of shipments.
Support
On-the-ground presence instead of managing supplies and negotiations remotely.
The engagement format, scope and timelines are defined for each specific assignment.
We analyze markets and evaluate projects. We do not act as an intermediary in transactions, do not represent suppliers' interests and receive no fees from market participants — this is what keeps our analysis objective.
Imports and exports broken down by company, country and HS code — cleaned, normalized and refined to a quality that allows analytics to be built for management conclusions and decisions.
We do not sell raw, unprocessed data sets. High-quality data processing is a skill in its own right: we know the pitfalls and nuances of working with customs statistics.
We turn customs data into a working tool: we remove duplicate importers and exporters, handle technical operations, align product dimensions, bring prices to a comparable basis accounting for delivery terms, and answer specific business questions — who supplies what, in what volume, at what price and to where.
Our data lets you track pricing, estimate logistics costs and identify narrow niche products for which ready-made statistics and price indices are often unavailable.
Central Asia · South Caucasus · CIS · MENA · Asia
The key players, their volumes and shares, and how the balance of power shifts over time.
Real $/t levels by importer, country of origin and product group.
Shifts in flows between countries and producers, the arrival of new entrants, and incumbents losing ground.
Segments with growing volumes and segments where margins are compressing.
Between raw customs statistics and finished analytics lie mandatory stages of cleaning, processing and validation. The depth of processing and the final output format depend on the specific task and the client's requirements — we can deliver anything from pre-processing to building the final dashboards and regular reports.
Without this stage, conclusions about market shares and price levels are distorted. This is exactly where the line runs between a raw data export and analytics fit for decision-making
Rebar
Steel grade · Diameter · GOST / standard
Pipes
Diameter (small / medium / large) · Wall thickness · Production method · Application
Rolled products
Dimensions · Profile type · Surface · Production standard
Detail for any product type can be prepared at the client's request. The level of detail depends on the quality of the available source data and on the required depth of analysis.
MMITC advises the client while preparing information or regular reporting tailored to their needs. In doing so, we aim to make the fullest use of the available data and to extract the maximum from it for the client's specific task.
Video · Demo
A short recording of the dashboard in action: filtering by period and HS code, importer and exporter rankings, and drill-down to a specific item.
Watch the video
Presentation · PDF
A full description of the service: reporting formats, levels of detail, sample tables and dashboards, and engagement packages.
Open the presentationEvery project begins with a question that needs answering and ends with a decision you can defend
Every project starts from the client's initial vision and the problem to be solved. Before a research or market-analysis project begins, we clarify the task and the client's expectations; after a preliminary review we discuss the quality of the source data and its limitations.
During the project, regular status (progress) tracking is available. The final outcome is the formulation of hypotheses, or the confirmation (or rejection) of the client's hypotheses, together with a reasoned evidence base for the results obtained.
A distinct competency is our skill in organizing and running fieldwork, including by the mystery-shopping methodology — an area in which the firm has built broad expertise.
We work out what decision has to be made and what data is missing for it
Industry statistics, trade data, and the regulatory and logistics context
Traveling to the region, talking to producers, traders and market participants, and checking what the reports don't show
Cross-checking sources, examining discrepancies, and separating the confirmed from the assumed
A report with transparent assumptions and support during discussions on your side
Some projects are not disclosed under confidentiality agreements with clients. Client names are withheld for reasons of confidentiality.
The work was carried out under direct contracts, as well as on a subcontract basis for teams of international consultants, engineering firms and banks.
Building-materials importer
Profiling of market players and market statistics.
Metals holding
An in-depth study of the long and section products market in one of the CIS countries, with a market balance by segment, a study of competitor strategies, a review of neighboring markets, and a conclusion on the export potential of specific product types.
Metals holding; engineering company
An in-depth study of the long and section products market in the Africa region: market balance and a conclusion on the competitiveness of local long-product steelmaking in the region.
Industry association
Analysis of trade data for 2020–2026, identification of transactions in light and heavy rare earth metals across the "concentrate — oxides — metallic form" chain, and construction of a pricing chart. Comparison with the quotations in use (the Shanghai exchange and others), with explanations for the discrepancies.
Mining-and-metals holding
Analysis of potential buyers of competitors' flat products in a selected region.
Public report
A study of Iran's metallurgical industry: capacity, plans, regulation, production volumes, imports and exports of metal products, as well as the overall structure of the economy and industry down to the level of major national holdings. The study included a field component.
Vertically integrated metals holding
A study of the Uzbekistan market across all types of metal products, with a focus on flat products, including stainless- and polymer-coated rolled products.
Steel plant
Development of a price formula for a long-term (off-take) contract for the supply of metallurgical raw material between a producer (mining and processing plant) and a buyer (steel plant).
Pipe producer
A study of the Iranian and Chinese markets for the production of semi-finished products of specific grades and sizes: availability of volumes, availability of the required grades and sizes, and the feasibility of importing from these countries.
Metallurgical enterprise
A study of the grinding-balls market and other metallurgical products across the CIS region, including a study of export potential.
Copper producer
Benchmarking of the flotation stage of copper-concentrate production, accounting for the client's process and consumption rates.
Large holding, new-products division
A study of vanadium pentoxide (V2O5) pricing as a function of purity, based on trade analytics.
Vertically integrated holding
An overview study of the grinding-balls market in the CIS region.
Project investor
A study of the global scandium market: a review of the largest global producers and volumes, and a review of end-use applications.
Project investor
A study of the global vanadium and vanadium-pentoxide market, with a review of the largest global producers.
Large mining-and-metals holding
A feasibility study for a full-cycle mineral-resources laboratory with its own crushing and beneficiation section.
Potash fertilizer production project
Development of the "Market analysis", "Logistics" and "Off-site infrastructure and required off-site CAPEX" sections for a client carrying out a full Feasibility Study to raise finance.
Manganese deposit
A pre-feasibility study of a manganese deposit for negotiations with investors, based on geological data. A preliminary financial model and an investment presentation were prepared, and initial negotiations on acquiring a stake and buying out the deposit were supported.
Investor in industrial assets
Support for a bid on gold-ore deposits and support for the investor across Central Asian countries: analysis of the assets, a review of infrastructure constraints, and an assessment of the sites' investment attractiveness.
Mineral deposit
Verification of the available geological data, a preliminary reserve estimate, and the development of an early mine plan to start pilot production.
Iron-ore deposit
Verification of technical solutions for the mine plan and the beneficiation and pelletizing chain. The project was carried out jointly with an Austrian engineering company in the mining and metals sector.
Private investor
A study of the resource base of a gold-ore deposit — supervision of drilling and core study — and a preliminary reserve estimate.
Project investor
Confirmation of the antimony resource base and a preliminary mine plan for pilot ore production.
Copper producer
Benchmarking of the flotation stage of copper-concentrate production, accounting for the client's process and consumption rates.
Ferroalloy producer
A technical audit of the condition of a ferroalloy plant for the purposes of a sale and change of ownership: a conclusion on wear and tear, and a study of utilities and the required infrastructure. The report was prepared for the investor and financing institutions.
Ferroalloy producer
A production-efficiency audit of a ferromanganese plant: identifying loss points and opportunities to improve efficiency.
Project investor
A pre-feasibility study of a greenfield iron-ore project: resource-base assessment, a preliminary mine plan, and an investment financial model with a calculation of the project's potential cash flows.
Glass manufacturer
A study of the deposit's resource base for glass production (non-metallic minerals — quartzites, dolomites, feldspar, limestone and others), classification of the resource base to JORC standards, and a roadmap for its confirmation under JORC.
Glass manufacturer
Development of a dynamic model for mining the deposit's sections, accounting for expansion and modernization plans. The model is built by section and by feedstock type — silica sands, quartzites and others — taking into account the plant's production plans and the split of glass output by type.
Metals holding
A pre-feasibility study of a project to recover zinc from steelmaking dust: verification of equipment suppliers' figures, and treatment of working capital and maintenance in the financial model.
Steel plant
Support for an M&A transaction to acquire a long-products rolling mill with a capacity of 1 million tonnes — technical and financial audit — and development of the holding's consolidated financial model following the deal.
Investor in industrial assets
Support for a bid on gold-ore deposits and support for the investor across Central Asian countries: analysis of the assets, a review of infrastructure constraints, and an assessment of the sites' investment attractiveness.
Project investor; global vanadium traders and producers
An investment appraisal of a project to process vanadium-bearing slag, compared with the alternative of selling merchant slag on market terms. Negotiations on a possible investment agreement with the largest producers and consumers. An investment model for presentation to investors.
Project investor
A pre-feasibility study of a greenfield iron-ore project: resource-base assessment, a preliminary mine plan, and an investment financial model with a calculation of the project's potential cash flows.
Metals holding
A pre-feasibility study of a project to recover zinc from steelmaking dust: verification of equipment suppliers' figures, and treatment of working capital and maintenance in the financial model.
Steel plant
Support for an M&A transaction to acquire a long-products rolling mill with a capacity of 1 million tonnes — technical and financial audit — and development of the holding's consolidated financial model following the deal.
Government body; state-owned company
Development of modules for a national ferrous metallurgy development strategy: domestic-market statistics, a description of regional logistics and logistics costs, an assessment of the feasibility of importing iron ore, and a description of logistics routes and the export potential of niche products.
Metals holding
Development of the "Export sales" and "Sales model" strategy modules for a client developing the corporate strategy of a large vertically integrated metals holding.
Large vertically integrated metals holding
A tailored program built around the holding's production chain and its own mineral resource base. A course for management and project leaders on corporate finance fundamentals and financial modeling of investment projects and operating facilities. Part of the holding's in-house training program for the management of its production units.
Various clients
Regular import and export reports on metal products and other goods for various countries. Data processing and preparation of analytical reports tailored to the client's format.
Experience
Metals and industrial companies
Consulting, engineering and business partners
Industry platforms and media
MMITC's expertise appears in the industry press. Our materials are published in Metallosnabzhenie i Sbyt magazine and presented at industry events and conferences.
We work in the markets for metals, raw materials and industrial materials — from mining and primary raw materials to finished products and processing stages.
Markets and raw materials
Market
Market
Raw material
Raw material
Raw material
Products and processing stages
Product
Product
Processing stage
Processing stage
Product
Industries
Industry
Industry
Industry
Industry
Industry
In Central Asia, the South Caucasus and adjacent markets, market data is rarely complete and almost never current. We work in the region, not about it: an office in Tashkent, projects with regional producers, and research in markets that are hard to reach remotely.
Analytical coverage and project work.
Central Asia
6 countries
South Caucasus and CIS
6 countries
MENA — Middle East and North Africa
23 countries
Southeast Asia (ASEAN)
10 countries
China
Key market
MMITC is an analytics and consulting firm specializing in the markets for metals, mining and industrial raw materials across Central Asia, the South Caucasus, the CIS and adjacent markets. We process trade and industry data, conduct field research and, on this basis, prepare market intelligence, industry strategies and investment analysis. The firm is a member and expert organization of the Ferrous Metallurgy Association of Uzbekistan and is, for the second year, a co-organizer of the "Metals Markets of Central Asia and the South Caucasus" conference.
Team
Pavel Serov
Industry strategy and market research
— Managing Director
Education
Faculty of Physics, Moscow State University (MSU); Master in Finance
Experience
Over 15 years in the investment and analytics industry. Led the finance function of a large metals holding and ran M&A deals in the mining and metals sector.
Maxim Emelyanenko
Financial modeling and analytics
— Head of consulting and analytics projects
Education
Ulyanovsk State University
Experience
Over 15 years in analytics and financial modeling — mining, logistics and energy. Knowledge of Central Asia's mining and metals sector and the regional raw-material base.
Ruslan Mirzaev
Trade analytics and BI reporting
— Head of trade analytics
Education
NUST MISIS
Experience
Over 5 years in industry and trade analytics. Runs research on metals and industrial markets, analyzing import and export flows, prices and the competitive landscape. Works with the markets of Central Asia, the South Caucasus and the CIS
Gustav Zhao
Asia-Pacific markets
— APAC markets analyst
Education
Peking University
Experience
Over 10 years in analytics. Worked with the Mysteel agency and investment boutiques: information sourcing and analytical support in the mining and metals sector.
Experts
Alexandr Domov
REM and critical materials
— Expert in REM and critical materials
Education
NUST MISIS; HSE, MBA
Experience
Over 30 years in rare-earth and critical-materials projects. Worked at major industrial holdings on the development of new materials and alloys. Advises industry projects as an expert.
Artur Zakis
Geology and mineral processing
— Expert in geology and mineral processing
Education
Ural Federal University
Experience
Over 20 years in the industry. Worked with the international firms SRK, Wood and SLR. Qualified to prepare reports under the JORC Code. Experience with uranium, industrial and non-ferrous metals.
Arsen Badalov
Recruitment of technical specialists in mining and metals
— Expert, HR practice
Education
RUDN University (Peoples' Friendship University of Russia), Geology
Experience
Specializes in sourcing senior specialists for the mining and metals sector: process engineers, mineral-processing specialists, geologists, chief engineers and production directors. Heads the SpenglerFox office for the CIS; previously worked at ALS and at the BHP–Nornickel alliance.
Describe the project in two or three sentences — we'll come back with clarifying questions and a preliminary estimate of the scope of work.
Legal address
7 Mustaqillik St., Mirzo-Ulugbek district, Tashkent
Offices
Office
Moscow
Russia, Moscow, Tatarskaya St., 7
Office
Dubai
Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE
