Decline in exports of metals for semiconductors observed in Russia

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Federal News Agency
Federal News Agency

The export of Russian metals, which were used for the production of semiconductors, fell by half after the introduction of anti-Russian sanctions. Russian enterprises had to reorient themselves to the domestic market, and their former foreign partners had to look for new suppliers.

Exports of tungsten, gold and tantalum from the Russian Federation decreased by 72.46% to 76 tons, informed “Kommersant” a source familiar with the information about the supply of Russian metals abroad.

Exports of tungsten fell by 63%, gold – by 73%, and tantalum – up to 92%. In monetary terms, the volume of metal exports fell by 61.2% – from $6.7 billion to $2.6 billion.

According to the World Bank, in 2018 the Russian Federation ranked fourth in the world in terms of supplies of tungsten and gold and was among the top 5 suppliers of tantalum to the world market.

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