Russia $ 1 billion joint venture to promote Russia's rare earth industry

Following last week's Istanbul Group (IST Group) , and if the Site Ke Group (Rostec) declared a joint venture set up rare earth , Russia has been promoting the rare earth industry . Under the agreement , the establishment TriArk mining company, which will begin in 2018 in Khabarovsk processed within the warehouse 8.2653 tons of solitary quarry .

The company released a statement saying , TriArk mining company is expected to produce 40,000 tons of rare earth resources - rich in heavy rare earth elements such as dysprosium and terbium . Istanbul Alexandria Niexi Si company was acquired , if the Site Ke Group is responsible for developing a high-tech state-owned Russian company , the company will invest $ 1 billion to develop the project.

The program was approved by the Russian government a great possibility . Before , in order to cut off Russia's dependence on Chinese rare earth resources , Moscow had indicated to the development of domestic rare earth industry . Russian government sources said the new development strategy has been finalized with the inside . This strategy involves all aspects of the Russian government and industry , is the cornerstone of the development of Russia's rare earth industry .

2013 , the Russian government is keen to diversify the economy. Economic stagnation , Moscow facing the development of new means of generating income and promoting economic modernization pressure to reduce its dependence of oil and gas revenues . Although in recent months oil prices have been higher than expected, but the government believes that the lack of economic diversity of the economy is still a potential threat to long-term economic stability .

Russia has a long history of metallurgical innovation , which will benefit the development of rare earth industry . Like other metals industry , private enterprises to provide technical support to elect a national championship policy will continue . Istanbul is not only the company and the company's assistance if Site Ke , Russian aluminum producer Rusal and Uranium producers Russia Uranium companies will also participate in the development of domestic rare earth industry in the past.


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