Putin orders roadmap for Russian rare earths extraction by December
Summary
Russian President Vladimir Putin ordered his government to create a plan for extracting rare-earth minerals by December 1st. This move aims to boost Russia's production of these important metals, which are currently dominated by China, and improve transport links with China and North Korea.Key Facts
- President Putin instructed a plan for rare-earth mineral extraction by December 1st.
- Rare-earth minerals are crucial for making smartphones, electric vehicles, and weapons.
- China is the main producer of rare-earth minerals globally.
- The U.S. and Russia have discussed potential rare-earth projects, but progress is slow due to the ongoing conflict in Ukraine.
- Russia claims to have significant rare-earth reserves, estimated at 28.7 million tonnes.
- Putin also wants better transport links with China and North Korea, including new bridges.
- Western sanctions on Russia have led it to strengthen economic ties with China and North Korea.
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