Russia and US discussing rare earth projects

The Kremlin’s investment envoy, Kirill Dmitriev said on Monday that Moscow and Washington have started talks on exploring rare earth metals in Russia.

Dmitriev said rare earths were an important area for cooperation. He added that the two sides have started talking about various rare earth metals and projects in Russia.

In February, Russian President Putin had offered the US the opportunity to jointly develop his country’s rare earth resources. Kremlin spokesperson Dmitry Peskov said some American companies have expressed interest. But he added there were no specifics yet, because sanctions were still in place.