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The mineral industry of Russia is one of the world's leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States' production of a range of mineral products, including metals, industrial minerals, and mineral fuels. In 2005, Russia ranked among the leading world producers or was a significant producer of a vast range of mineral commodities, including aluminum, arsenic, cement, copper, magnesium compounds and metals, nitrogen, palladium, silicon, nickel and vanadium.[1][failed verification]
In 2005, the Russian economy benefited significantly from high oil, gas, and metal prices. Oil revenues accounted for about 14% of the gross domestic product. Following the mineral fuel industry, the next leading branch of the mineral industry, in terms of its contribution to the national economy was the metallurgical sector, which contributed 19% of the value of industrial production, accounted for 11.1% of the value of an industrial capital stock, and employed 9.3% of the industrial labor force. In 2005, a total of 1,071,000 people were employed in the mineral extraction sector and made up 1.6% of the country's labor force. Investment in mineral extraction and metallurgy accounted for about 20% of total investment in the Russian economy.[1]
In 2019, the country was the second worldwide producer of platinum,[2] vanadium[3] and cobalt;[4] third world producer of gold,[5] nickel[6] and sulfur;[7] fourth worldwide producer of silver[8] and phosphate;[9] fifth largest world producer of iron ore;[10] sixth largest producer of lead;[11] seventh largest world producer of boron;[12] eighth largest world producer of gypsum;[13] ninth largest producer of copper,[14] molybdenum[15] and bauxite;[16] 10th largest world producer of zinc;[17] 13th largest world producer of tin;[18] in addition to being the world's 10th largest producer of table salt.[19] It was the world's sixth-largest producer of uranium in 2018.[20]