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The city of Odessa was attacked by Russian airstrikes, and the Ukrainian army regained full control of the Kiev region. The Russian side has not responded! Global mining giant: Metal raw materials are expected to continue to rise in price

author:National Business Daily

Per edited: Bi Luming

According to CCTV news, on April 3, local time, Ukraine said that the city of Odessa was attacked by Russian troops, and fires broke out in many parts of the city. Earlier, according to the Russian Ministry of Emergency Situations, a fire broke out at an oil base in Belgorod in western Russia, and 8 oil storage tanks were on fire.

In this regard, the governor of Belgorod Oblast said that the fire at the oil base was caused by the attack of Ukrainian helicopters. Recently, the Russian-Ukrainian conflict is superimposed with the new crown epidemic, and Eurasia Resources Group, a major supplier of cobalt, copper, aluminum and iron ore in the world, said that it expects the price of metal raw materials to continue to rise.

The city of Odessa was attacked by Russian airstrikes, and the Ukrainian army regained full control of the Kiev region. The Russian side has not responded! Global mining giant: Metal raw materials are expected to continue to rise in price

Image source: CCTV News

The city of Odessa was attacked by Russian airstrikes

According to CCTV news, on April 3, local time, the municipal government of Odessa, a city along the Black Sea coast of Ukraine, said through social media that the city was attacked by Russian armed forces, and some incoming missiles have been intercepted. The attack caused fires in several areas of the city. The Odessa Municipality calls on residents to be quiet and not to panic. At 4:25 a.m. on the same day, an air defense siren was issued from the Odessa region and the capital, and the alarm was lifted at 6:43 a.m.

It should be noted that on April 1, local time, The governor of Russia's Belgorod region, Gladkov, said through social media that the reason for the fire at the local oil base was that two helicopters of the Ukrainian armed forces entered Russian airspace from a low altitude and launched an attack.

The city of Odessa was attacked by Russian airstrikes, and the Ukrainian army regained full control of the Kiev region. The Russian side has not responded! Global mining giant: Metal raw materials are expected to continue to rise in price

Currently, the Russian Ministry of Emergency Situations is trying to control the fire in the shortest possible time. In the early hours of the same day, a printing plant in a village in Belgorod was also shot and the office was damaged, but fortunately there were no casualties.

In addition, a business in the "North" industrial park in the Russian city of Belgorod was also shelled by helicopter gunships of the Ukrainian army, and the building of the enterprise was damaged.

The mayor of Belgorod said that traffic on the city's Constantine-Zaslonov street had been blocked. This street is next to a burning oil depot.

The Ukrainian deputy defense minister said that the Ukrainian army regained full control of the Kiev region

According to CCTV news, Deputy Defense Minister Of Ukraine Maliar said on social media on the evening of the 2nd local time that the Ukrainian army has regained complete control of the Kiev region. However, this information has not yet been confirmed by the Russian side.

The city of Odessa was attacked by Russian airstrikes, and the Ukrainian army regained full control of the Kiev region. The Russian side has not responded! Global mining giant: Metal raw materials are expected to continue to rise in price

Miners expect the price of raw metal raw materials to continue to rise

According to CCTV news, on April 2, local time, according to the German news agency, some of the world's largest mineral resource suppliers believe that due to the impact of the Russian-Ukrainian conflict and the new crown pneumonia epidemic and other factors, the price of metal raw materials including copper, aluminum, cobalt and other metal raw materials will further rise in the coming period.

Eurasia Resources is a major global supplier of cobalt, copper, aluminum and iron ore, headquartered in Luxembourg, with mines in Kazakhstan, Brazil and South Africa, employing approximately 75,000 people.

The group's chief executive, Sobotka, believes that since the beginning of this year, food and energy prices in many countries have risen to historical highs, while the escalation of the conflict between Russia and Ukraine has put more pressure on the global economy affected by the epidemic, and the sanctions imposed by many countries on Russia will further promote price increases.

He pointed out that the impact of the Russian-Ukrainian conflict on the automobile manufacturing industry has emerged. Russia is home to many important metals, such as nickel for car batteries, aluminum for body and wheels, and palladium and platinum for automotive exhaust systems; Ukraine is an important supplier of automotive components.

Sobotka said that because countries are developing renewable energy and electric vehicles, the demand for cobalt and copper has been increasing, as early as before the Russian-Ukrainian conflict, experts have expected a copper shortage, the current supply pressure on cobalt and copper is further increasing, it is expected that the price of cobalt and copper will continue to rise in the future.

In Sobotka's view, the commodities sector is probably undergoing its biggest shift in recent years, witnessing the end of the era of cheap raw materials, and producers must actively adapt to this change.

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