Russia and the US have initiated talks on joint rare earth metals projects, with some companies already showing interest, according to Kremlin envoy Kirill Dmitriev. This cooperation comes amid U.S. President Trump's efforts to end the Ukraine war and follows Putin's proposal for joint exploration.
Russia and the United States have started talks on joint rare earth metals and other projects in Russia, and some companies have already expressed an interest in them, President Vladimir Putin's investment envoy said in remarks published on Monday.
Amid efforts by U.S. President Donald Trump to end the war in Ukraine, minerals cooperation has been floated by both Kyiv and Moscow, though Trump said on Sunday that Ukrainian President Volodymyr Zelenskyy wants to back out of a proposed deal.
Putin in February suggested that the United States might be interested in exploring joint exploration for rare earth metals deposits in Russia, which has the world's fifth-largest reserves of the metals used in lasers and military equipment.
Kirill Dmitriev, Kremlin special envoy on international economic and investment cooperation, told the Izvestia newspaper in remarks published on Monday that talks had already begun.
"Rare earth metals are an important area for cooperation, and, of course, we have begun discussions on various rare earth metals and (other) projects in Russia," said Kirill Dmitriev, who is also the CEO of the Russian Direct Investment Fund.
Dmitriev, who was part of Russia's negotiating team at talks with U.S. officials in Saudi Arabia in February, said some companies have already shown interest in the projects. He did not name any companies and did not reveal further details.
Trump said on Sunday he was "pissed off" at Putin and will impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
Trump told NBC News he was very angry after Putin last week criticised the credibility of Zelenskyy's leadership, the television network reported. Trump later reiterated to reporters he was disappointed with Putin but added: "I think we are making progress, step by step."
China's control of 95% of global production and supplies of rare earth metals, crucial for industries such as defence and consumer electronics, has focused the rest of the world on trying to develop their own supplies.
The U.S. Geological Survey estimates Russia's reserves of rare earth metals at 3.8 million metric tons but Moscow has far higher estimates.
According to the Natural Resources Ministry, Russia has reserves of 15 rare earth metals totalling 28.7 million tons as of January 1, 2023 and that 3.8 million tons is the amount of reserves under development or ready for development.
Izvestia reported the cooperation may be further discussed at the next round of Russia-U.S. talks that may take place in mid-April in Saudi Arabia.
The Arctic has become a frontline for strategic competition, NATO’s top military commander in Europe said on Sunday, as Russia and China increase th...
Chechen leader Ramzan Kadyrov is suffering kidney failure and is undergoing dialysis, Ukrainian intelligence sources say....
More than 1,000 apartment buildings in Kyiv remain without heating after Russian missile attacks crippled the city’s energy system during a sharp co...
Deaths linked to nationwide protests in Iran have risen to more than 500, according to a U.S.-based rights group, as Tehran warned it would retaliate ...
The United Kingdom has launched Project Nightfall, a fast-track programme to develop new long-range ballistic missiles for Ukraine, aiming to help Kyi...
Chechen leader Ramzan Kadyrov is suffering kidney failure and is undergoing dialysis, Ukrainian intelligence sources say.
More than 1,000 apartment buildings in Kyiv remain without heating after Russian missile attacks crippled the city’s energy system during a sharp cold snap, Ukrainian officials say.
Ukraine’s Special Operations Forces (SOF) carried out a strike on Russian Lukoil drilling platforms in the Caspian Sea during the night of 10–11 January, according to the SOF press service.
A woman has been killed and three other people injured in a Ukrainian drone attack overnight into Sunday on the Russian city of Voronezh, which also damaged several buildings, local officials said.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
China, Russia and Iran have begun a week-long joint naval exercise in South African waters, a move that comes amid strained relations between Washington and several members of the expanded BRICS bloc.
Despite facing challenges in chip manufacturing, Chinese artificial intelligence (AI) researchers are optimistic about narrowing the technological gap with the United States, driven by an increasing culture of risk-taking and innovation.
Warning of a strategic threat from Russia and China, Donald Trump said on Friday that the United States must acquire Greenland to prevent the Arctic island from falling under foreign control.
Hawaii’s Kīlauea volcano is showing increased activity, with lava flowing from two summit craters and flames, smoke and ash rising from the caldera.
The Arctic has become a frontline for strategic competition, NATO’s top military commander in Europe said on Sunday, as Russia and China increase their presence in the region.
Chechen leader Ramzan Kadyrov is suffering kidney failure and is undergoing dialysis, Ukrainian intelligence sources say.
More than 1,000 apartment buildings in Kyiv remain without heating after Russian missile attacks crippled the city’s energy system during a sharp cold snap, Ukrainian officials say.
Deaths linked to nationwide protests in Iran have risen to more than 500, according to a U.S.-based rights group, as Tehran warned it would retaliate against U.S. military targets if Washington intervenes.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment