Latest News

Putin's envoy: Russia and the US have begun talks about rare earth metals in Russia

In remarks published by the Izvestia newspaper on Monday, Russia's Special Envoy for International Economic and Investment Cooperation said that Washington and Moscow have begun discussions on joint projects in Russia involving rare earth metals.

Kirill Dmitriev is the CEO of Russian Direct Investment Fund and told Izvestia that rare earth metals were an important area of cooperation.

Putin's response to the U.S.-Ukraine negotiations over a

draft minerals

Deals

You can also find out more about the offer.

Under a future deal on economics, the U.S. will jointly explore Russia’s rare earth deposits.

Dmitriev said that some companies had already expressed interest in the project. He was part of Russia’s negotiating team in talks with U.S. representatives in Saudi Arabia, in February. He didn't name any companies or reveal more details.

Izvestia reported that the discussion of cooperation could continue at the next round Russia-U.S. discussions, which may take place mid-April in Saudi Arabia.

In recent months, rare earths and critical metals essential to high-tech industries have attracted global attention as U.S. president Donald Trump pushed efforts to counter China’s dominance.

(source: Reuters)