The United States and Russia have initiated discussions on potential cooperation in the rare metals sector, a strategically significant industry for both nations, according to Kirill Dmitriev, head of Russia’s Sovereign Wealth Fund.
Dmitriev confirmed that talks have begun regarding various projects related to rare metals in Russia. While some companies have shown interest, he refrained from providing further details.
Next Round of Talks in Saudi Arabia
The discussions are expected to advance during the next negotiation round in Saudi Arabia within the next two weeks. A similar dialogue took place in February, during which Russian President Vladimir Putin proposed joint exploration of rare metal deposits in Russia. These resources are critical for advanced technologies, including lasers and military equipment.
U.S.-Ukraine Mineral Agreement
Meanwhile, U.S. President Donald Trump announced a forthcoming agreement with Ukraine on mineral and natural resource cooperation, emphasizing its importance for securing America’s resource supply.
This potential collaboration could mark a significant step in strengthening economic and strategic ties between two of the world’s largest powers.
