Since the beginning of the year, Russian platinum exports to China have grown 279 times

According to data provided by the General Administration of Customs of China, between January and February 2023, Russian platinum exports to China increased 279 times, from 5,99 kg to 1,67 tons, compared to the same period last year. At the same time, supplies of palladium to this country increased by 8,5 times, to 2,72 tons. As Vladimir Potanin, General Director of PJSC Norilsk Nickel, said earlier, under the sanctions, the company decided to reorient part of its supplies to Asian markets.

Beijing also increased the import of another noble metal from the Russian Federation of the platinum group - rhodium, which, like palladium, is used in the production of catalysts. So, if in physical terms its supplies increased 7 times (from 26,2 kg to 190), then in monetary terms this figure increased 6 times - from 13 million (about 1 billion rubles) to 76 million $ (about 5,8. XNUMX billion rubles).

It is noteworthy that, despite the fall in platinum imports from the Russian Federation to China in 2022 by 33%, to 8,99 tons (almost a two-fold reduction in money, to $ 280,1 million or about 21,5 billion in ruble equivalent), supplies palladium and rhodium, on the contrary, rose by 43%, exceeding the volume of 9 tons and by 67%, to 0,52 tons, respectively. In this context, it is also worth recalling the decision of the Federal Customs Service (FCS), which, after the start of the special operation, stopped publishing data on exports and imports due to economic sanctions imposed by the West against Moscow.

According to Norilsk Nickel, the world market accounts for 40% of Russian palladium supplies. As for the rate of metal buildup, as explained there, this information is a commercial secret, and therefore cannot be disclosed.

Last year, the head of Norilsk Nickel announced that active work was underway to build an alternative supply chain through the port of Tangier, located in Morocco, from where the products then go not only to China, but also to the markets of Southeast Asia.

However, the increase in the company's costs caused by an increase in logistics costs (deliveries to the EU countries were cheaper) will be offset to some extent by creating more comfortable conditions in Asian markets.

Comments

[WILL]

The Chinese will buy more and more platinum, their auto industry is on the rise. Sanctions had a very indirect effect here. Palladium, rhodium, etc. are also acquired due to industrial growth. The world has a stable growth for these metals.
They need to be recycled, not driven with raw materials!

[Argon]

Yes, even probably at the price of iron ore ?! Why such a conclusion? Yes, because the ruble does not grow on such news anyway.

[Maz]

Well, it’s good, let them bite their elbows in Europe and Anglo-Saxia, and help us from Russia, it’s not for nothing that the SI flew in. Fig them, not sanctions!!!

[Mordvin 3]

Quote: ANIMAL

, their auto industry is on the rise.

Well, take this auto industry.

[paul3390]

Interesting - but we ourselves do not need all this for an hour? Well - for example, to produce the same catalysts? And already these - to export?

[Asad]

I agree with you, it’s bad that when it was possible to buy technology, even if not everyone loved this opportunity. And now no one will sell, and China in the first place.

[kromer]

We need an hour to produce the same catalysts for export. Firstly, this is added value, secondly: an increase in working capital, and therefore a greater filling of the budget, and thirdly, these are jobs.
Think about why Americans are pulling European factories over to them.

Don't you think that buying technology is not the most reasonable solution? Today you bought a technology, and tomorrow it is already outdated, because you have invented a more profitable one, but we cannot buy it because of the imposed sanctions. We have many research institutes in different areas, but they practically do not work, as domestic manufacturers prefer to buy technology abroad. Part of the research institute was closed altogether. Until recently, there was an oil and gas research institute not far from me. I wish he could bathe in gold, and the employees would drive executive cars, but no, the view at the building is shabby, at the entrance there are 2-3 hackneyed to death Ladas. More than half of the building was rented out for storage. In the USSR, it was one of the most powerful research institutes. That's who prevented scientists from inventing the latest technologies, no matter what we hung in technologies and equipment from other countries, but they from us. About the lack of funding is not necessary, there will always be money for a good project. We need to develop our R&D.

[Alf]

Quote: paul3390

Well - for example, to produce the same catalysts?

Vadik237 is already tired of repeating to everyone and everyone that it is generally unprofitable to produce anything in Russia ... Na ... biullina says the same thing ....

[paul3390]

It's strange - but the Bolsheviks and Comrade Stalin thought exactly the opposite, and they even did it quite well ...

[Alf]

Quote: paul3390

It's strange - but the Bolsheviks and Comrade Stalin thought exactly the opposite, and they even did it quite well ...

So IVS didn’t have Nabiullina, so he didn’t know ...

[paul3390]

No - they had a different concept of benefit .. For the new ones, this is what falls into their pocket personally. And for the Bolsheviks, this is what served to raise the power of the country and the well-being of the people. From this point of view, the thesis like "it is unprofitable to produce in our country" is simply absurd. And even a little destructive.

[Alf]

Quote: paul3390

For the new ones, this is what falls into their pocket personally.

As the spotted dick used to say - New thinking...

[paul3390]

So what is it new? As old as the world - deceive your neighbor and row everything into your pocket .. New - this is exactly what the Bolsheviks had ..

[Alf]

Quote: paul3390

So what is it new? As old as the world - deceive your neighbor and row everything into your pocket .. New - this is exactly what the Bolsheviks had ..

But Member didn't know about it...

[Asad]

I don't see anything good in this news. We sell raw materials, we buy processed products. At work, look at the racks, everything is China. From Russian, water in the cooler and pallets.

[mark1]

That's an interesting thing - logistics ... Production and production in the Krasnoyarsk Territory and the Far East and is delivered to China ch.z. Tangier...

[minus]

So through the gasket companies and output ... Compare the selling price at the factory + shipping cost and the price from the end buyer. As if there was not a huge difference remaining offshore .....

[carpenter]

Quote: mark1

. Mining and production in the Krasnoyarsk Territory and the Far East a is supplied to China p.z. Tangier...

Yes, everything is fine with logistics, but Tangier is an excuse. No one will tell us what, how and through whom, what is delivered to someone. Simple practice.

[fa2998]

Well, export is when we sell any product (at least that unfortunate round timber). It's called the GOLD RESERVES SALE!

[KCA]

Does Nornickel have access to the bins? In the gold reserves of the Russian Federation?

[agoran]

Well, actually the forest goes according to certificates. The freebie is over. Try to find milk in chain stores without a certificate. Where are those who gundel about the palm tree? Even in small shops there is an indication of products with palm fats used.

[Vladislav_2]

It's simple ... platinum is used to make chips and base but since we don't have the capacity...we give it away at a reduced price!...and when this mess will stop...it's not known!!!

[Doccor18]

Since the beginning of the year, Russian platinum exports to China have grown 279 times

Hooray! Achievement after achievement..!

[Amateur]

alternative supply chain through the port of Tangier, located in Morocco,

Some kind of alternative geography. Where is Norilsk, and where is Tangier. Is it really closer to China from Norilsk via Tangier? Or are they trading in African, and not Russian, metals in Tangier?

[Asad]

Probably the sanctions are circumvented in a similar way. Platinum is not cast iron, it can be delivered by regular plane. In Novosibirsk, trucks with Kazakh numbers are constantly transporting Chinese equipment.

[Volunteer Marek]

From April 1, the Kazakhs, as expected, will close the shop. That's all.

[KCA]

Platinum, palladium and rhodium are mined as ore, is there a refinery in Norilsk? Here, near Moscow, in Shchyolkovo, there is, maybe ore is being transported there and then metals from Moscow time in different directions

[minus]

Primary cleaning is carried out in Norilsk. And here is the main processing at the Krasnoyarsk plant of non-ferrous metals and gold. The largest in Russia both in terms of volume and range. The Shchelkovsky plant is far away compared to the Krasnoyarsk one .... And it’s definitely easier to transport from Krasnoyarsk directly to China ... Only in such a situation there will be less for villas and yachts .... So they drive through a bunch of intermediaries ... ..

[al3x]

This is the departure from the commodity economy? You won't get far with such breakthrough achievements... To be honest, the news is sad.

[Stoler]

I really don't see what's "proud" here. The fact that there is nothing to trade besides the bowels of Russia ???

[agoran]

bowels? Can you imagine how many people work there and what equipment.
South Africa mines diamonds, cutting in the Netherlands, have you ever seen American goods in your city? The US does not produce anything, the Fed has raised rates to 5 percent.

[Alf]

Quote: Stoler

The fact that there is nothing to trade besides the bowels of Russia ???

Theoretically, we can trade with officials, we have a lot of them ... hell. Practically, but on ... fig who needs them ..

[Old Horseradish]

They were a sub-colony of the West, they became a sub-colony of China. Fuck achievement.

[faiver]

Tangier? In the sense from Vladivostok to Southeast Asia is not closer?

[Stepan S]

I read the comments. Conclusions: no one read the article, so they ran through their eyes, caught China, 279 times and Yaroslavna began to cry. And the information that buyers have simply changed, since Europe is closed, no, it doesn’t even reach the brain.
Further: a groan about the sale of the "gold reserves" - this is how Norilsk Nickel sells metals, and not the state from the reserves, but this also does not get into the eyes of the patriots.
Next: groans about prices - they sell for a penny, through intermediaries, and the money is offshore. But my dears, this will not work with these metals - the prices for the metal on the stock exchange and this price will appear, and not which "someone would want there."
Some men in the comments, and some mourners ... but let's make catalysts ourselves and sell them, and what are we selling raw materials, we have already reached the forest.

[Argon]

The main thing is to fart in the crowd? Basically I would write.

[agoran]

Well, essentially.
I was always interested in the question of how they were able to quickly transfer production to Siberia during the Second World War.
It turns out that according to the documents that I read, there was design documentation for energy and the construction of factories. Barracks were built for workers (some of them have been living in Irkutsk for a long time - a workers' settlement, some in Nizhny - on Ships), foundations for machine tools were poured. Not for lathes, but for forging hammers, where the foundation must settle for at least 3 months, depending on the temperature. Until 2014, the railway troops of the Russian Federation expanded the routes to the Far East and further to Asia. So, that's all right, we'll sell more, we'll buy more for NWO.

[Alf]

Quote: agoran

sell more, buy more for CBO.

And it was impossible not to buy, but to do it yourself? And the money will remain in the country and we will not depend.

[faiver]

the current "effective managers" are focused on the final result in terms of money, and not in terms of goods. That is why, for example, today, for example, a UAZ-nurse costs under a million, and a UAZ-Hunter (in the past 469th with a metal roof) costs already a million full-weight Russian rubles ...

[Million]

We don’t need platinum, of course. To China!

[Krugov]

and on the splash screen, actually, palladium ingots

[Ross xnumx]

Quote: Krugov

and on the splash screen, actually, palladium ingots

Generally:

According to data provided by the General Administration of Customs of China, between January and February 2023, Russian platinum exports to China increased 279 times, from 5,99 kg to 1,67 tons, compared to the same period last year. At the same time, supplies to this country also increased. palladium 8,5 times, up to 2,72 tons.

[runway-1]

As before, there is trade in raw materials and other products of low value added, such is the "development" and the same "successes", the only consolation is that there will be tax revenues to the budget. And so, there were no strategic changes in the economy and no ...

[Alexey G]

export of Russian platinum to China increased by 279 times

Well, it looks like China has begun to exchange platinum for shells! And he is right, because shells deteriorate and platinum is eternal!
Positional warfare with infantry attacks of assault groups, without mechanized units, so sung by the Voice of Reason and his ally Dart, shows itself in all its glory.
Xi didn't leave us. He is buying up all our resources for next to nothing, but he will not go to Taiwan himself! He will earn ... Chinese communism is capitalist! And that means help is not free!
Here we must understand that for a long time we will not be enough. Of course, we may be lucky and a revolution will begin in the United States after Trump's arrest, but revolutions need to be helped, and we defend ourselves by attacking with forces of 10 people and one tank!
The Germans helped the revolutions in the 1st world war.
And here we are not. At the front, they abandoned maneuver warfare because of the inability to conduct it, and in politics they refused to interfere in the sovereignties of enemy states, because we are kind!
And in the end, we are waiting for the enemy to strike! But he knows how to use tanks ...

[Ross xnumx]

And this billionaire has already eliminated the consequences of the accident?
How is it even possible that he still continues to own natural resources at his own discretion?

[Volunteer Marek]

We continue to trade the future of our children and grandchildren. And, we can’t master finished products? We can't. That is how we live.