Russia's rare earth metal reserves stand at 28.4 million tons, or…
Russia's rare earth metal reserves stand at 28.4 million tons, or 5.5%. Manturov states that the extraction of rare earth metals in Russia is in an active phase.
Consensus
- Russia has substantial reserves of rare earth metals, amounting to 28.4 million tons or 5.5% of global mineral resources.
- The current domestic production is insufficient to meet internal demand, leading to high import dependence.
- The government is actively developing the industry through national projects and strategic initiatives.
- Efforts are underway to establish a complete industrial cycle—from mining to finished products—for rare earth metals.
- First Vice-Prime Minister Denis Manturov has publicly discussed the development of this sector in multiple interviews.
Points of divergence
- The target is to reduce import dependence from 75% to 48% by 2030 and increase domestic production of large-tonnage rare metals threefold under the 'New Materials and Chemistry' national project. — tg_government_rus
- Manturov emphasized that Russia has nearly the full range of rare earth elements, with active development in Murmansk Oblast, Yakutia, Zabaykalsky Krai, and Irkutsk Oblast. — vedomosti
- It takes 50 tons of loparite ore to produce one ton of commercially viable product; the process involves concentration, separation into collective carbonate, and further processing at the Solikamsk Magnesium Combine in Perm Krai. — vesti
Coverage (3 sources)
- Metals that could be more valuable to the economy than gold. Russia's rare earth metal reserves are 28.4 million tons, or 5.5%... — Правительство России
- Manтуров: Rare earth metal production in Russia is in an active phase — Ведомости
- Manтурov explains how rare earths are extracted from ore — Вести
Key entities
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