GLOBAL MARKET OF SPECIAL MACHINERY AND MINING EQUIPMENT IN 2022: WILL CHINA BE ABLE TO PROVIDE SUPPLIES TO RUSSIA?

Abstract

The article examines the global market of special machinery and equipment for the mining industry. This market is characterized by a high degree of monopolization and customization. Since the beginning of the 2010s, significant transformations have been observed in this market. International corporations from developed countries producing equipment for the mining industry have increased production volumes in Asian countries. Chinese companies have managed to break in and gain a foothold in this ultra-monopolized area of production. In 2022 due to the disruption of global supply chains and the acute crisis in the countries of the collective West, the role of the China has increased even more. The article analyzes the question to what extent Russia, which is under the sanctions of the collective West, will be able to provide its economy with the necessary special machinery, what is the role of China in the Russian market of imported equipment for the mining industry.