The Chinese company’s potential involvement in the project could offer Beijing an opportunity to play a role in two areas of strategic importance and overlap with Moscow’s interests: efforts by Russia to make the necessary investments in the Arctic to build a viable Northern Sea Route, a year-round water passage through the Arctic linking Europe and Asia; and the establishment of long-term access to titanium supplies that are especially important to the aerospace, defence, marine, chemical processing, and automotive industries.
In the meeting between the Chinese and Russian entities, the two sides reportedly discussed the possibility of exporting titanium ore, iron ore, and quartz from the Pizhemskoye deposits to China for processing. Although China is a leading producer of titanium, it is also a leading importer of titanium ore. Russia also needs titanium imports, reportedly importing much of its raw titanium from Ukraine.
Gain unlimited access to Janes news and more...