Russia is investing $1 billion in rare earths production in order to become less dependent on China, The Moscow Times reported on Thursday.
Articles Tagged "Russia"
A Russian tycoon is spearheading a $1-billion joint venture to develop the massive Tomtor REE deposit in the Russian Far East.
The latest prices, news and events from across the global rare earths market.
Reuters reported that it could take ten years for Russia to fill the rare earth supply gap created by China.
Reuters reported that Russia will export rare earths to Germany as it pressures China to stop delaying rare earth agreements.
The Voice of Russia reported that Russia intends to become a bigger player in the rare earths market.
Bloomberg reported that a Kazakhstan company is joining with Russian and Japanese miners to mine rare earths.
Russia is home to the second largest deposits of rare earth elements in the world, yetthe nation produces almost no rare earth. Two Japanese companies are looking to deposits in Russia as a saving grace for new supply. Also former Soviet satellites have deposits of their own and Germany and other western companies are looking to cash in.
Bloomberg reports that Mitsui & Co. and Sumitomo Corp. are interested in Siberian rare-earth deposits that weren’t expected to be mined until 2030 as Russia tries to fill the gap left when China slashed exports Yakutia Governor Yegor Borisov said.
The Kyrgyz Republic is going through a transformation after months of civil unrest. Gold, and rare earth element mining are key economic assets of the developing nation. Understanding the political realities and assessing risk are essential to investing in companies operating in the region.