Russia: Metal embargo hits Japan?
-Palladium production 40% of the world-
Russian metal:
Russian metal has a strong presence
aluminum,
nickel,
Titanium,
It is a platinum group element.
Palladium is included in platinum group elements. It was
Russian Platinum Group Elements:
Nickel and platinum group elements are Russia’s rich metal resources. It was
Aluminum smelting:
But in Russia
The resources of aluminum and titanium are not very abundant.
Russian aluminum, nickel and platinum group elements
It is exported with bare metal and low added value.
It consumes a lot of electricity for aluminum refining.
Countries that can supply cheap electricity are advantageous.
So Russia is competitive. It was
Advanced titanium processing:
Russia has advanced titanium technology. It was
Titanium is exported as high value-added forgings and machined products. It was
Aluminum and nickel alternatives:
Russia has a 10% share of aluminum and nickel.
However, aluminum and nickel from other countries can be used as an alternative.
It is also possible to increase production.
Special circumstances of titanium:
Titanium is not the only commodity, so things are different from other metals.
It’s not about resources, it’s about selecting suppliers for individual parts.
Special circumstances of palladium:
The problem is the platinum group, of which palladium.
Russia’s output accounts for as much as 40% of the world’s output.
Importance of Palladium:
It is chemically extremely stable and acts as a catalyst.
Due to its special properties, it is an indispensable metal in the industry.
In particular, platinum and palladium are used as catalysts for purifying automobile exhaust gas.
Exhaust gas contains nitrogen oxides and hydrocarbons incompletely burned with gasoline.
Biased Platinum Group Resources:
Platinum group elements are produced in South Africa and Russia.
Approximately 85% of platinum output
About 80% of palladium production is
Concentrate on Russia and South Africa.
Japanese automobile industry:
Russia has the upper hand in palladium, which is often used by the Japanese automobile industry.
Russia has a 40% share of the world’s palladium mining.
Second place is South Africa, which is slightly below 40%.
Other production areas include North America, Canada and Zimbabwe.
Palladium price:
Palladium prices rose every day and finally hit a record high on March 8.
Palladium imports from Russia account for nearly 40% of the import volume.
Palladium recycling:
But as a recycling of palladium,
“Half the amount of metal refining by-products and overseas imports in Japan” is being reproduced in Japan.
Russian influence:
Japan imports and exports palladium at the same time.
Russia’s influence is diminished by recycling.
The extent of the impact is determined by supply shortages and tug of war.
(JBpress) –Yahoo! News
https://news.yahoo.co.jp/articles/618c9d0ec4476d558d1552df521661cbb3e0d91d