"Russia will increase the production of deficient raw materials, including niobium, tantalum, wolfram, beryllium, within the national project titled New Materials and Chemistry, Prime Minister Mikhail Mishustin stated at the Znaniye (Knowledge) society marathon. "The government devoted a separate national project New Materials and Chemistry to handling this problem. The national project will focus on four areas: chemistry, biotechnologies, composites, and rare metals," he said, adding that "the ...

According to forecasts, the global market could face a lithium shortage of approximately 1.3 million tons and a rare-earth metals deficit of 66,000 tons by 2040. Lithium is critical for manufacturing batteries for electric vehicles and renewable energy systems. In a report by Alexey Chekunkov, Head of the Ministry for the Development of the Russian Far East and Arctic, Russia’s domestic production development could offset up to 7% of the global lithium deficit (around 91,000 tons). Additionally, ...