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Putin Directs Government to Develop Rare-Earth Metals Strategy
(MENAFN) Russian President Vladimir Putin has directed the government to create a long-term strategy for mining and producing rare-earth minerals, according to a directive posted on the Kremlin’s website Tuesday.
The order requires the cabinet to approve a detailed “roadmap” for the sector by December, highlighting the minerals’ importance for technologies ranging from cellphones to advanced weapons systems.
Putin has called the industry a strategic resource essential for boosting Russia’s global competitiveness and ensuring sustainable economic growth. Speaking at the Eastern Economic Forum (EEF) last month, he stressed the need to increase domestic demand and implement advanced processing technologies.
Russia is estimated to hold 658 million tons of rare metals, including 28.5 million tons of 15 rare-earth types, the Natural Resources Ministry said, noting the reserves are sufficient to satisfy the country’s current economic requirements and secure long-term supply.
Global demand for rare-earth minerals has surged amid escalating trade tensions between Washington and Beijing. China, the world’s largest producer, has limited exports in response to US tariffs, disrupting supply chains for automotive and high-tech industries.
US President Donald Trump, whose administration has sought to revitalize domestic manufacturing, highlighted interest in Russia’s “huge reserves” of rare-earths. Putin has indicated a willingness to collaborate with foreign partners on such projects, including the US. Presidential aide Kirill Dmitriev confirmed that talks on joint Russia-US ventures were underway, describing them as “an important part of bilateral cooperation.”
The White House has been actively pursuing reliable sources of these critical minerals. In May, after months of negotiation, Washington and Kiev finalized a deal for joint extraction of Ukrainian natural resources. Trump promoted the agreement as a way to reclaim the roughly $350 billion he claims the US spent supporting Kiev. The deal grants the US preferential access to resources, though security guarantees long sought by President Vladimir Zelensky were not included. Much of the West’s perceived Ukrainian mineral wealth, however, lies in the Donetsk and Lugansk People’s Republics, which voted to join Russia in 2022.
The order requires the cabinet to approve a detailed “roadmap” for the sector by December, highlighting the minerals’ importance for technologies ranging from cellphones to advanced weapons systems.
Putin has called the industry a strategic resource essential for boosting Russia’s global competitiveness and ensuring sustainable economic growth. Speaking at the Eastern Economic Forum (EEF) last month, he stressed the need to increase domestic demand and implement advanced processing technologies.
Russia is estimated to hold 658 million tons of rare metals, including 28.5 million tons of 15 rare-earth types, the Natural Resources Ministry said, noting the reserves are sufficient to satisfy the country’s current economic requirements and secure long-term supply.
Global demand for rare-earth minerals has surged amid escalating trade tensions between Washington and Beijing. China, the world’s largest producer, has limited exports in response to US tariffs, disrupting supply chains for automotive and high-tech industries.
US President Donald Trump, whose administration has sought to revitalize domestic manufacturing, highlighted interest in Russia’s “huge reserves” of rare-earths. Putin has indicated a willingness to collaborate with foreign partners on such projects, including the US. Presidential aide Kirill Dmitriev confirmed that talks on joint Russia-US ventures were underway, describing them as “an important part of bilateral cooperation.”
The White House has been actively pursuing reliable sources of these critical minerals. In May, after months of negotiation, Washington and Kiev finalized a deal for joint extraction of Ukrainian natural resources. Trump promoted the agreement as a way to reclaim the roughly $350 billion he claims the US spent supporting Kiev. The deal grants the US preferential access to resources, though security guarantees long sought by President Vladimir Zelensky were not included. Much of the West’s perceived Ukrainian mineral wealth, however, lies in the Donetsk and Lugansk People’s Republics, which voted to join Russia in 2022.
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