It is understood that Russia is a resource-based country, and the production of non-ferrous metals and other commodities accounts for a high proportion in the world. According to statistics, Russia's natural gas exports account for 21% of the global trade volume, copper exports account for 6% of the global market, and aluminum exports account for 12%.

Data show that the overall copper concentrate production in the Russian Federation region has shown an upward trend, from 638,000 tons of annual production in 2011 to 886,000 tons of annual production in 2021. By 2030, the production of copper concentrate in the regions of the Russian Federation will exceed 1.04 million tons. Therefore, if the situation between Russia and Ukraine further escalates, the supply of copper concentrate will have a more adverse impact. For China, copper concentrate is mainly imported from South America, and imports from Russia are very limited.

In relative terms, if the conflict between Russia and Ukraine escalates, the impact on global aluminum supplies will be significant. Russia is the world's second largest producer of primary aluminum, and its own electrolytic aluminum production is more than 4 million tons. According to Russian customs data, from January to November 2021, Russia's aluminum exports were 3,190,200 tons, with exports of $6,349.6 million, and the same period in 2020 was 2,433,200 tons and $3,826.9 billion, respectively. Experts predict that if the United States and Europe increase sanctions against Russia, it may affect the aluminum market.

As the war escalated, the United States and other Western countries announced that some Russian financial institutions would be "excluded" from the Association of Worldwide Interbank Financial Telecommunications, as the latest sanctions against. SWIFT is currently a major channel for the transfer of financial information between international financial institutions. Experts point out that the European economy is highly dependent on Russian energy, and it is expected that comprehensive sanctions against Russian banks are less likely. The EU has also admitted that it cannot completely exclude Russia from SWIFT, because Russia's economy is closely linked to the economies of other countries, especially banks closely related to energy trading. At present, although the removal of SWIFT will have a certain negative impact on energy supply, the impact may be limited, but the impact on agricultural products and non-ferrous metals may be larger.

Experts also further pointed out that if Russia and Ukraine continue to break out large-scale armed conflict, or the United States and Europe to impose sanctions on Russia, or will push energy, agricultural products, as well as metals and other commodities prices further rise.

Since the outbreak of the epidemic, the price of raw materials has soared repeatedly, and 2021 has even been called "the epic price increase year of raw materials" by the industry. In addition, shipping reached a record high in 2021. Some foreign brands are also under pressure from rising energy prices in Europe such as electricity, gas, oil and water. Multiple factors superimposed on the profitability of refrigeration enterprises to bring huge pressure.