China in the global market of metallurgy resources and equipment for the mining

The article analyzes the place of China in the world market of mining resources. It is shown that China is not only a leading producer of metallurgy resources, but also plays a unique role as the world's main importer of such resources. The global mining industry has a high concentration, so no more than ten countries export the main metallurgical resources to China. China also occupies a significant place in the world market of equipment for the mining industry. In the last decade, the country has become one of the leading exporters of large-scale mining equipment. This branch of the world economy is characterized by a high degree of monopolization, however, the export of Chinese special equipment on the world market is constantly increasing. Currently, this fact is of great importance for Russia, which is under Western sanctions, and the world's leading TNCs have curtailed the supply of many types of equipment to the country.