"Russia has reserves of 15 rare-earth metals totalling 28.7 million tonnes, according to the Natural Resources Ministry. Russian President Vladimir Putin has ordered his cabinet to draw up a roadmap for the extraction of rare-earth minerals by December 1, as global interest in the metals heightens due to their use in modern technologies and a desire to reduce reliance on the Chinese-dominated market."
"In April, United States President Donald Trump signed a deal with Ukrainian President Volodymyr Zelenskyy that will give the US preferential access to new Ukrainian minerals deals and fund investment in the country's reconstruction. Russia says it is also interested in partnering with the US on rare-earth projects. In March, Putin's investment envoy Kirill Dmitriev claimed that Russia and the US had started talks on rare-earth metals projects in Russia, and that some US companies had expressed an interest in them."
Russia reports reserves of 15 rare-earth metals totaling 28.7 million tonnes and has been ordered by the president to produce a roadmap for extraction by December 1. The government is also instructed to develop transport links at borders with China and North Korea to support mining operations. Rare earths are critical for smartphones, electric vehicles and weapons systems, making them strategically important. The United States secured preferential access to Ukrainian mineral deals and investment via an April deal, and some US companies have expressed interest in Russian projects. China remains the dominant producer and has restricted exports, prompting efforts to diversify supplies. US Geological Survey estimates of Russian reserves are much lower.
Read at www.aljazeera.com
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