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Putin holds meeting on rare earth metals, aims to significantly boost output
Published by Global Banking & Finance Review®
Posted on February 24, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 24, 2025
1 min readLast updated: January 25, 2026
Putin discusses boosting Russia's rare earth metals production, emphasizing its strategic importance and launching a new national project.
MOSCOW (Reuters) - Russian President Vladimir Putin held a meeting with officials on Monday to discuss rare earth metals production, which he described as a strategic reserve vital for Russia's future competitiveness and economic development, the Kremlin said.
Putin highlighted the national project ‘New Materials and Chemistry,’ launched this year to enhance the domestic industry in new materials.
This project, Putin said, aims to establish the complete cycle of the rare and rare-earth metals industry, from extraction to the production of high-tech goods, significantly boosting output.
(Reporting by Maxim Rodionov)
Putin held a meeting to discuss the production of rare earth metals, which he considers a strategic reserve vital for Russia's future.
The 'New Materials and Chemistry' project, launched this year, aims to enhance the domestic industry in new materials and establish a complete cycle for rare and rare-earth metals.
The project aims to boost output significantly by covering the entire production cycle from extraction to the creation of high-tech goods.
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