Development of the Russian socio-economic system: challenges and prospects
- Author:
- Liudmila F. Shaibakova
- Work direction:
- Глава 8
- Abstract:
- The chapter provides information on the global dynamics of copper production and consumption. It is shown that the demand for metal will increase in the near future due to the development of new industries, such as the production of electric vehicles and renewable energy technologies. Russia is a major player in this market, particularly in the production of refined copper. Copper exports are more than twice as large as domestic consumption. Almost half of the refined copper produced is exported. However, it is noted that both the domestic copper ore mining and processing market and the copper production market are these with a high level of economic concentration, i.e. oligopolized markets, where several large companies operate, and the share of the rest is insignificant. Such markets are usually characterized by high entry barriers and underdeveloped competition. It is difficult for small enterprises to survive in such conditions and they stop their work, being subjected to mergers, acquisitions, and bankruptcy. The research used general theoretical (analysis, synthesis, analogy, generalization and classification) and particular (observation, comparison, measurement and description) methods. The main object of the study is the copper turnover in Russia. To analyse the competitive advantages, foreign countries that occupy leading positions in this turnover are considered.
- Keywords:
- copper ore mining market, copper ore processing market, copper production market, customs and tariff regulation, pricing, tendencies
Development of the Russian socio-economic system: challenges and prospects