The Russian Federation, represented by the Federal Agency for State Property Management, became the owner of 8.44% of JSC Solikamsk Magnesium Plant based on the decision of the Arbitration Court. This is stated in the company's message.
JSC Solikamsk Magnesium Plant accounts for the production of 100% of REE, niobium and tantalum compounds, 60% of commercial magnesium and 4-5% of spongy titanium in Russia, according to the company's website.
In 2023, 89.4554% of the enterprise was transferred to Rosatom.
Revenue of JSC Solikamsk Magnesium Plant (TIN 5919470019) according to RAS for the first quarter of 2026 decreased by 27.5% to 1.9 billion rubles from 2.66 billion rubles a year earlier. The net loss amounted to 90.027 million rubles against a loss of 353.687 million rubles.
The State Atomic Energy Corporation Rosatom is a multidisciplinary holding company that unites assets in the energy, mechanical engineering, and construction sectors. Rosatom's activities also include the production of innovative nuclear and non-nuclear products, carbon-free electricity, the development of scientific and technological potential, the development of the Northern Sea Route and environmental projects.
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