Russia’s metals exports to China hit $1 billion in 2025
The post Russia’s metals exports to China hit $1 billion in 2025 appeared on BitcoinEthereumNews.com. Russia’s got one trading partner left that still writes big checks:- China. And those checks just got a hell of a lot bigger. Russia’s precious metals exports to China nearly doubled in the first half of 2025, pulling in $1 billion, with gold leading the charge as prices rip through the roof. That figure came straight from Trade Data Monitor, which tracks Chinese customs filings. Shipments of Russian gold, silver, and other ores sent to China shot up by 80% compared to the same period last year. The jump lines up with a sharp rally in bullion prices, which have gained around 28% so far this year. The rally is getting help from central banks stacking reserves, trade friction between the U.S. and its partners, and investors pouring into exchange-traded funds trying to shield themselves from market chaos. Russia leans on China after being locked out of Western gold trade Ever since Russia’s 2022 invasion of Ukraine, the Kremlin’s been cut out of the world’s top trading venues like London and New York. That shut the door on Western demand, but China’s stayed open. With the Bank of Russia, once the biggest central bank buyer of gold, not returning to the market in any major way, Russian miners are now banking hard on Asian demand. Russia still pumps out over 300 tons of gold annually, making it the second-largest gold producer in the world. That supply needs a home. For now, it’s getting one in China. And not just gold, Russia’s also moving more palladium and platinum, thanks to demand coming out of China’s manufacturing sectors. MMC Norilsk Nickel PJSC, the country’s major producer of both metals, has turned its focus entirely eastward. That play seems to be working. Prices for palladium are up 38%, and platinum has jumped 59%…
The post Russia’s metals exports to China hit $1 billion in 2025 appeared on BitcoinEthereumNews.com.
Russia’s got one trading partner left that still writes big checks:- China. And those checks just got a hell of a lot bigger. Russia’s precious metals exports to China nearly doubled in the first half of 2025, pulling in $1 billion, with gold leading the charge as prices rip through the roof. That figure came straight from Trade Data Monitor, which tracks Chinese customs filings. Shipments of Russian gold, silver, and other ores sent to China shot up by 80% compared to the same period last year. The jump lines up with a sharp rally in bullion prices, which have gained around 28% so far this year. The rally is getting help from central banks stacking reserves, trade friction between the U.S. and its partners, and investors pouring into exchange-traded funds trying to shield themselves from market chaos. Russia leans on China after being locked out of Western gold trade Ever since Russia’s 2022 invasion of Ukraine, the Kremlin’s been cut out of the world’s top trading venues like London and New York. That shut the door on Western demand, but China’s stayed open. With the Bank of Russia, once the biggest central bank buyer of gold, not returning to the market in any major way, Russian miners are now banking hard on Asian demand. Russia still pumps out over 300 tons of gold annually, making it the second-largest gold producer in the world. That supply needs a home. For now, it’s getting one in China. And not just gold, Russia’s also moving more palladium and platinum, thanks to demand coming out of China’s manufacturing sectors. MMC Norilsk Nickel PJSC, the country’s major producer of both metals, has turned its focus entirely eastward. That play seems to be working. Prices for palladium are up 38%, and platinum has jumped 59%…
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