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Russian strongman Vladimir Putin held a meeting on Monday to discuss the development of his country’s rare-earth mineral industry in which he suggested that he would welcome American investment in the sector in both his country and the parts of Ukraine that he has invaded and occupied.
Rare-earth minerals are a group of mostly naturally occurring materials that have increased in economic importance over the past two decades as inventors have found use for them in “green” energy technology. These minerals are often discussed in tandem with other materials that are not officially on the list of rare-earths, such as lithium, which is indispensable for the manufacture of mobile phone and laptop batteries, among other uses.
“What we are talking about here is laying the strategic groundwork for our future, about a priority sector that already defines and will further define the country’s competitive edge in the global market,” he added, “the pace of its economic development, and the quality of life of our citizens.”by the Agence France-Presse , Putin emphasized the importance of working with “foreign partners, including Americans” on rare-earth mining.
Putin’s top spokesman, Dmitry Peskov, told reporters on Tuesday that Russia has domestic plans to extract rare-earth metals, but it would welcome American help.. “We have our own plans to develop strategic resources, but there are quite broad prospects for cooperation here,” he told reporters. RELATED — Rubio: Not “A Serious Offer” for Ukraine to Ask for Nuclear Weapons in Peace Talks with Russia
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