Due to the increasing tension between Moscow and Western countries over Ukraine and the possibility of sanctions being imposed against Russia, the supply of products manufactured and exported by Russian companies may be affected. Apparently the United States and European countries have threatened to impose sanctions on Russia for attacking Ukraine, in some cases Moscow has repeatedly denied planning. Fears of supply disruptions have pushed nickel and aluminum prices to their highest levels in years. Copper is also included in Russia's commodity exports. Not only this, due to the increasing tension between Russia and Ukraine, gold, diamond, steel, cobalt and platinum can also become expensive.

It is obvious that the semiconductor (chip) is manufactured using copper, but due to the increase in copper prices, the shortfall of the already running chip is going to increase further.

According to the USGS, Russia produced 920,000 tonnes of refined copper last year, which is about 3.5% of the world's total copper, of which Nornickel produced 406,841 tonnes of copper. Apart from this, UMMC and Russian Copper Company are the two major producers.

Mobile phones and vehicles can be expensive
Asia and Europe are the export markets for copper. In such a situation, India can also be affected due to the lack of this chip. Now since copper will be expensive, copper is made from chip, chip is used in manufacturing of vehicles and mobile phones, then due to the availability of copper and increase in prices, phones, vehicles and other electronic items that come with the chip are also expensive. can be. Overall, due to the war between Russia and Ukraine, many countries including India are going to be affected indirectly.

Due to the cost of steel, the price of vehicles will increase
According to the World Steel Association, Russia produced 76 million tonnes of steel last year, or about 4% of the world's steel. Severstal, NLMK, Average, MMK and Mekel are the major Russian producers. They export almost half of their production mainly to Europe. The list also includes Metalloinvest, which makes iron goods in the country and TMK, which makes steel pipes.