Platinum supplies from Russia to China increased by 279 times

According to RBC, referring to Chinese customs data, in the first two months of this year, the country increased platinum supplies to China to 1.67 tons, from $0.2 million in January and February 2022 to $53 million in 2023.

Russia also sends more palladium to China - 8.5 times, up to 2.72 tons, in monetary terms – 5.6 times (from $27 million to $152 million). Rhodium, a platinum group metal, is exported to Beijing with a sevenfold increase (from 26.2 kg to 0.19 tons), in monetary terms — sixfold (from $ 13 million to $76 million).

At the same time, a decrease in platinum supplies by 33% was recorded last year.

Recall that the FCS does not publish statistics on imports and exports due to sanctions.