Russia plans global rare earths domination

Published: Wednesday, 22 October 2014

Russia claims to have the world’s second largest rare earths reserves after China, and before 1990 the country was a significant producer. New government and private enterprise plans could see the nation regain its influence in the rare earths market by the end of the decade.

By Eugene Gerder

The Russian government has publicised its intention to become the world’s largest producer and exporter of rare earths over the next few years and is investing up to Russian rouble (R) 145bn ($4.5bn*) in the industry by 2020. The Russian government has publicised its...

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