
Kirill Dmitriev, head of the Russian Direct Investment Fund, called copper "the new gold" after the Comex copper price hit an all-time high of $6.903 a pound on Tuesday night.
AI-generated summary
Copper is a key industrial metal used in electrical engineering, construction and renewable energy. Its price often serves as an indicator of global economic health.
On Tuesday evening, the Comex copper price reached $6.903 per pound, a new all-time high.
MOSCOW, September 23 - RIA Novosti. The head of the Russian Direct Investment Fund (RDIF), special representative of the Russian President for investment and economic cooperation with foreign countries, Kirill Dmitriev, called copper the new gold against the backdrop of record exchange prices for it.
“Copper is the new gold,” Dmitriev wrote on his page on the social network X.
AI outlook — possibilities, not facts
Copper prices may remain high in the coming weeks due to the current supply and demand imbalance.
Possible · Within weeks

Dmitry Makarov, strategist at SberInvestments, predicts a gradual decrease in the key rate and a moderate weakening of the ruble by 2027, with the expected dollar exchange rate in the range of 85–95 rubles, an average value of about 89–92 rubles, provided that the trade balance is maintained and stable oil prices.

A Vienna court ruled in absentia that Rasperia must pay Raiffeisen Bank International and Russia's Raiffeisenbank about 3.15 billion euros. The decision can be appealed within four weeks. If no appeal is filed, the RBI plans to seek permission from the Austrian financial regulator to recover the amount from Rasperia's frozen assets in Austria.

Deputy Chairman of the State Duma Committee on Construction and Housing and Communal Services Alexander Aksenenko said that by the end of 2026, market mortgage rates could reach 15-16%, but warned that the decision to buy a home depends on many factors, including property prices, rent and family income. At the same time, he noted that in the base scenario, the Bank of Russia expects the key rate to be reduced to 10.5–12.5% in 2027, which could gradually reduce the cost of mortgages, but mortgage and key rates do not change synchronously.

Deputy Prime Minister Yuri Trutnev gave a positive assessment of the development of the Kamchatka Territory, noting the growth in mining, agricultural production and road construction. Governor Vladimir Solodov reported record volumes of road repairs and housing programs for SVO participants and other categories of citizens.

M.Video plans to return to sustainable profitability in 2027–2028 thanks to business transformation, including the transition to its own software and the creation of an open platform following the example of Chinese solutions.

The Bank of Russia has established criteria for suspicious transactions, if ignored, the financial institution is obliged to return the client’s fraudulently stolen funds, even if the client did not notify the bank on time. Such operations include atypical transfers, the presence of the recipient’s details in the regulator’s database, and changing the phone number 48 hours before the transfer.