Russia, US Begin Talks on Rare Earth Metals Projects

Russia and the United States have initiated discussions on joint projects related to rare earth metals, a crucial area for international cooperation, according to Kirill Dmitriev, CEO of the Russian Direct Investment Fund. These talks come amid ongoing geopolitical tensions and efforts by President Donald Trump to resolve the Ukraine crisis, and involve the potential for U.S. companies to engage in Russia’s rare earth sector, which is vital for various technologies and defense systems. Dmitriev noted that some companies have already expressed interest in participating in these projects. The negotiations are seen as a strategic move to reduce global reliance on China, which currently dominates the rare earth market. Discussions may continue in mid-April during a planned round of U.S.-Russia talks in Saudi Arabia, reflecting the broader dynamics of global supply chains and mineral cooperation. Simultaneously, Ukraine is seeking adjustments to its draft agreement with the U.S. regarding mineral resources, indicating complex interdependencies in these negotiations.