Now that they are free from sanctions, Russian miners are eyeing an increase in metal ore production to expand export operations
By Vladislav Vorotnikov
In the coming few years, Russian mining giants are likely to increase the production of nonferrous metals, including aluminum, zinc, copper and possibly nickel. They will take advantage of the bright export opportunities, national state aid programs and absence of biting sanctions.
Including all investment projects currently implemented, Russian miners could increase aluminum production from 3.72 million metric tons (mt) in 2017 to 4.13 million mt in 2021, copper production from 856,000 mt in 2017 to 864,000 mt in 2021, zinc production from 258,000 mt in 2017 to 301,000 mt in 2021, as forecast by Russian consulting agency AKRA. In the nickel industry, a slight fall in production will be expected from 227,000 mt in 2017 to 217,000 mt in 2021, AKRA said.