Russia may become a leader in extraction and processing of rare-earth metals (REM), if it manages to create infrastructures and comfortable business conditions in the Arctic, while the global industry will face a deficit in REM in 2030, Russian Academician, Doctor of Geology and Mineralogy Nikolay Pokhilenko told TASS. At the International Arctic Forum in April, Russian President Vladimir Putin said the creation of a rare-earth metals processing industry in the Arctic is one of priorities in ...

The authorities are planning to create a production cluster in Murmansk Region focused on the deep processing of rare-earth metals (REM). This was announced by Alexei Chekunkov, Head of the Ministry for the Development of the Russian Far East and Arctic. He emphasised the unique potential of the region due to the presence of large deposits such as Lovozero and Afrikandskoye. They hold significant reserves of cerium, lanthanum and neodymium. In an interview with TASS, Chekunkov emphasised that ...