Rusolovo Plans Major Investment in Tin Production Cluster in Russia’s Far East
PJSC Rusolovo is undertaking a substantial project to establish a full-cycle tin production cluster in Russia's Far East, centered around the Amur Metallurgical Plant in the Khabarovsk Territory. Magomed Gekhaev, the company's Deputy General Director, announced at the Russia Forum that this initiative would require an investment of approximately 29 billion rubles (about 323.35 million USD).
This strategic move is in response to an analysis conducted by Rusolovo and the Ministry of Industry and Trade of the Russian Federation, which projects that domestic demand for unprocessed tin will reach around 5.4 thousand tonnes by 2030. Currently, Rusolovo's production is at 2,000 tonnes, and the new Amur Metallurgical Plant is expected to ramp up capacity to 5.5 thousand tonnes to meet this growing need.
This project is a significant step towards enhancing Russia's self-sufficiency in tin production, aiming to meet the entirety of the domestic market's requirements and reduce reliance on imports. The investment in the Amur Metallurgical Plant demonstrates Rusolovo's commitment to leveraging the Far East's potential and fulfilling the increasing domestic demand for tin.
The establishment of this production cluster is a key part of Russia's broader strategy to strengthen its industrial base and secure vital supply chains for essential materials. Rusolovo's expansion into full-cycle tin production is poised to play a crucial role in the nation's industrial progress and economic development.
