An alternative view to Russias nationalisation of ChEMK
Russia have easy trade relations with China. Power (electricity) is not the easiest commodity to trade over large oceans. China is short on power and has a large carbon footprint. Russia has spare power. For Russia to export power in the form of alloys as a low price will benefit both countries.
If world alloy prices rise then China could investigate exportation in other Asian countries, this would then again increase competition and cap or lower prices..
Ann: FY2023 Net Profit After Tax US$18.2 Million & App 4E, page-37
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