Rostec invites Chinese investors to take part in rare earth metal production in Russia

RT-Global Resources LLC is in talks with Chinese partners on joint development of rare earth metal deposits in Russia
RT-Global Resources LLC, a subsidiary of the Rostec state corporation, is in talks with Chinese partners on joint development of rare earth metal deposits in Russia, the head of Rostec's international cooperation department, Viktor Kladov, told journalists on Thursday on the sidelines of the Innoprom international industrial trade fair.
"It is known that China produces over 90% of rare earth metals worldwide. China is the world leader in the technology of extracting the metals from ore. Russia, for its part, has unique deposits of the metals, in the Urals and elsewhere. Unfortunately, there is a certain obstacle: China has restrictions on transfer of the technology to foreign partners. At present, our Chinese partners are resolving this issue with the Chinese authorities," Kladov said.

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