in the good old days pre-February 2022 de-many-things campaign in Europe, projects such as below might not have gotten done, as Team China's attention was distracted by real estate in London and farms in America, golf courses in Australia, and marinas in Canada.
Now, with all prospective belligerents single-mindedly laser-focused on survival in form, projects such as below, be they in Russia or Saudi Arabia, Indonesia or Brazil, South Africa or Afghanistan, get done, and not by use of USD, the unnecessary intermediary currency that is not-as-good-as-gold
As more commodities pricing get hitched to grams of gold, inflation in gold-term would go to zero, a good-good for gold-gold and everything hitched to gold, and bad for the gold-less and goldless, a guess.
... The deposit, discovered in 2021, also holds zircon, iron ore, and gold. The project seeks to provide marketable products for the China, the world’s largest manufacturer and exporter of titanium. Prior to sanctions put in place following Russia’s invasion of Ukraine, Russian titanium was used extensively in the global aerospace industry. Russia’s largest producer, =VSMPO-AVISMA%20Corp&scalar=true&searchKeyName=companyname&pid=633049&sid=19]VSMPO-AVISMA, supplied around 30% of the industry’s titanium. US company Boeing received 40% of its titanium from Russia and its European rival Airbus procured up to 60% from Russia.
mining-technology.com
China to operate in the development of Russian arctic titanium mine
Florence Jones
The state-run Chinese construction and engineering company is embarking on a project to mine a huge titanium deposit located in the Komi region of Russia.
 The Komi Republic is home to the world’s largest titanium deposit. Photo by: Denis Rokin via Getty Images
=China%20Communications%20Corporation%20Limited&scalar=true&searchKeyName=companyname&pid=633049&sid=19]China Communications and =Construction%20Limited.&scalar=true&searchKeyName=companyname&pid=633049&sid=19]Construction Co has agreed to co-operate in developing Russia’s largest titanium deposit. The project will also involve the construction of a new railroad and development of the Indiga deep-water port.
The Chinese state-owned engineering company, which has been under US sanctions for more than a decade, first met with the Russian Titanium Resources (Rustitan) regarding the project on 17 January.
The mining cluster, located in the Pizhemskoye field in the Komi Republic, holds the world’s largest titanium deposit and more 80% of Russia’s titanium ore reserves.
A second meeting took place between Rustitan and the China Railway Construction Co to discuss the Sosnogorsk-Indiga railroad connection. This project would enable the transportation of materials through the Urals and Siberia.
The deposit, discovered in 2021, also holds zircon, iron ore, and gold. The project seeks to provide marketable products for the China, the world’s largest manufacturer and exporter of titanium.
Prior to sanctions put in place following Russia’s invasion of Ukraine, Russian titanium was used extensively in the global aerospace industry. Russia’s largest producer, =VSMPO-AVISMA%20Corp&scalar=true&searchKeyName=companyname&pid=633049&sid=19]VSMPO-AVISMA, supplied around 30% of the industry’s titanium. US company Boeing received 40% of its titanium from Russia and its European rival Airbus procured up to 60% from Russia. |
