Russia Ukraine Conflict: Chip's crisis may deepen due to the ongoing war between Russia and Ukraine. For the past one and a half years, the world is facing a shortage of chips. Now with this crisis deepening, the situation can become dire. According to a report, Russia accounts for 44 percent of the worldwide supply of palladium. Apart from this, about 70 percent of the supply of neon is from Ukraine. Both of these are essential raw materials to make any chip, and the war between Ukraine and Russia has started disrupting their supply. It is clear from this that in the coming days, the effect of reduction in chip ie semiconductors can be seen all over the world.
Moody's said in its report that market experts believe that this global crisis which started after the Corona epidemic is going to increase further. Palladium and Neon are two such resources, which are used in the manufacture of any chip i.e. semiconductor. These semiconductors are found in any electronic item such as cars, mobile phones and other products. Electric items are difficult to operate without them. Actually, they work as conductors and bad conductors of electricity. In such a situation, from car to mobile without semiconductors are useless. This is the reason why there is a situation of crisis all over the world due to disruption of their supply chain. Due to this, production from cars to mobiles has been affected.
Petrol and diesel may become costlier from next week
The crisis is not going to stop here, but due to the invasion of Ukraine, inflation is also going to increase in a country like India. The price of crude oil in the world has crossed $110 per barrel. In such a situation, the prices of petrol and diesel in India may also increase from next week. There has been no increase in prices in the country since November 4, but once again their prices can be handed over to the international market. According to the Moody's report, countries other than Russia may increase the supply, but the prices will not come down even after that.
There may be a fire in the prices of all things like gold, wheat
According to Moody's, Russia accounts for 12 percent of the world's crude oil supply. Apart from this, it has a share of 17 per cent in the supply of natural gas, 5.2 per cent in coal and 4.3 per cent in the supply of copper. This crisis does not end here. Russia also plays a major role in the supply of metals such as aluminium, zinc, gold, silver and platinum. Russia also accounts for 11 per cent of wheat exports. It is clear that this crisis is going to increase from oil, food grains to metals. Ukraine, on the other hand, holds a 70 per cent stake in the neon supply, which could add to the crisis. Earlier in 2014, when war broke out between the two countries, a similar crisis was seen.
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