Russia to consider curbing uranium, titanium and nickel exports, Putin says
Russian President Vladimir Putin said today that Moscow would consider curbing exports of uranium, titanium and nickel in retaliation against the West
“Take a look at some of the types of products we supply the world market with… Maybe we should think about some restrictions on uranium, titanium, nickelPutin said to Prime Minister Mikhail Mishustin in televised remarks during a cabinet meeting.
Russia it is the world’s fourth largest producer of uranium, according to data from the World Nuclear Association. President Joe Biden has signed a law banning the import of enriched uranium from Russia, whose commercial value is $1 billion a year.
In 2023, the United States and China topped the list of Russian uranium importers, followed by South Korea, France, Kazakhstan and Germany.
Russia is also the world’s third-largest producer of titanium sponge, the main raw material for making titanium alloys, used in industrial applications in the aerospace, shipbuilding and automotive industries, but has its own titanium mineral reserves.
Russia’s Nornickel is the world’s largest producer of refined nickel.
Source :Skai
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