Putin orders roadmap for Russian rare earths extraction by December

Описание: Putin orders roadmap for Russian rare earths extraction by DecemberRussian 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 markeRare earths – used in smartphones, electric vehicles and weapons systems – have taken on vital strategic importance in international trade.

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. However, prospects between the US and Russia have been held up by a lack of progress towards ending Russia’s war in Ukraine.

China, the dominant producer of rare earths, has hit back at US tariffs this year by placing restrictions on rare earths exports. Its almost total global control has focused Washington’s attention on developing its own supplies.

Putin’s order – a summary of action points from a Far Eastern Economic Forum he attended in Vladivostok in September – did not go into detail about Russia’s rare earths plan

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