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Russia's metals and non-metals market is a significant player in the global economy, with estimated revenues exceeding $200 billion annually.
The sector boasts a diverse range of products, including steel, aluminum, copper, nickel, titanium, gold, diamonds, and various industrial minerals.
Despite facing challenges due to sanctions and economic instability, the sector remains resilient and offers attractive opportunities for foreign investors.
Russia Metals and Non-Metals Government Procurement
The Russian government is a major buyer of metals and non-metals, with annual procurement spending exceeding $50 billion.
Government contracts cover a wide range of products, including steel for infrastructure projects, copper for electrical grids, and rare earth metals for advanced technologies.
Companies seeking to participate in government procurement must navigate complex regulations and procedures.
Main Metals and Non-Metals Products and Services Procured by Russia Government
Steel is the most important metal procured by the Russian government, accounting for over 30% of total spending.
Aluminum and copper are also significant purchases, used in various infrastructure and industrial applications.
Titanium is critical for the aerospace and defense sectors, while nickel is vital for stainless steel production.
Precious metals such as gold and diamonds are also procured by the government for reserves and strategic purposes.
Industrial minerals such as potash and phosphates are essential for the agricultural sector.
Top Authorities for Russia Metals and Non-Metals Procurement
The Ministry of Industry and Trade is responsible for developing and implementing policies related to the metals and non-metals sector.
The Federal Agency for State Reserves manages the government's strategic reserves of metals and minerals.
State-owned companies such as Rostec and Rosatom play a major role in government procurement.
Top Winners of Russia Metals and Non-Metals Procurement
Leading Russian metals and mining companies such as Nornickel, Rusal, and Severstal are major winners of government contracts.
Foreign companies such as Glencore and Trafigura also participate in government procurement.
Small and medium-sized enterprises (SMEs) are increasingly involved in government procurement, particularly for niche products and services.
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