Russia can “launch into space” prices for nickel, uranium and platinum with one decision
Prices for nickel, platinum group metals and uranium may rise significantly in the near future, according to the American business newspaper The Wall Street Journal. The publication notes that this will happen if the Russian Federation restricts the export of these goods.
Russia may take these measures as a response to Western sanctions
– the publication cites the conclusion of experts from the analytical company Citi.
At the same time, they stipulate that a possible Russian export ban will only apply to those states that Moscow considers unfriendly.
Analyzing the possible consequences of the Russian Federation's response, The Wall Street Journal notes that the exact price level for the aforementioned metals on the world market is extremely difficult to predict in this case. But it is obvious that it will be quite high.
Russia accounts for about 11% of Class 1 nickel supplies and almost 12% of uranium U3O8 supplies. It also accounts for about 12% of platinum supplies and 42% of palladium supplies.
– reminds The Wall Street Journal.
Let us recall that Vladimir Putin recently announced the possible introduction of restrictions on the export of some metals. At the same time, the Russian leader emphasized that Moscow in this case will not act to its own detriment, having carefully analyzed all the possible consequences of this step.
Let us add that after the start of the special military operation of the Russian Federation in Ukraine, the West introduced more than 11 thousand different sanctions against the Russian Federation.
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