The volume of deliveries of Russian platinum to China increased by almost 300 times

The volume of Russian platinum supplies to the People’s Republic of China at the end of 2023 increased by 279 times. The agency reported RBC with reference to the document of the General Administration of Customs of the People’s Republic of China.

“Imports of platinum from Russia to China increased 279 times compared to the same period last year in physical terms, in monetary terms – 265 times (from $200,000 to $53 million)”the agency says.

It is noted that the volume of deliveries of palladium (Pd 46) and rhodium (Rh 45) metals also increased manifold. At the moment, Russia holds 40% of the global palladium market.

Earlier, the Gazprom press service reported on record daily gas exports to the People’s Republic of China via the Power of Siberia gas pipeline. It was noted that the parties will continue to deepen cooperation in this area.


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