Putin says Russia is open to economic cooperation with US on rare earth minerals
Russian President Vladimir Putin has expressed his willingness to consider collaborating with the United States in the mining of rare earth minerals, both within Russia and in parts of Ukrainian territory that are currently under Russian occupation. In an interview broadcast on Russian state television, Putin highlighted the vast reserves of rare earth minerals in Russia and their significance for the country’s economy. He emphasized the need for Russia to further capitalize on these resources and indicated a readiness to work with foreign partners, including American companies.
Putin’s comments come at a time when the Trump administration is seeking to access Ukraine’s rare earth minerals, such as titanium, iron, and uranium, in order to recoup the costs of aid provided to the country. The potential for cooperation between Russia and the US in mining these minerals could have significant economic implications for both nations. Putin noted that Russia is a global leader in terms of rare earth mineral reserves and expressed a willingness to engage in joint ventures with American partners.
Furthermore, Putin suggested the possibility of negotiating an energy deal with the US, indicating that there are opportunities for collaboration in various sectors beyond rare earth minerals. He mentioned the potential for selling aluminum to the US market, provided that sanctions restricting the import of Russian metals are lifted. Putin highlighted the importance of stabilizing prices and restoring trade relations between the two countries in the aluminum sector.
In addition, Putin alluded to the possibility of reaching agreements on mining rare earth minerals in Russian-occupied territories of Ukraine, which he referred to as “new territories.” He indicated a willingness to engage with foreign partners, including American companies, in these regions. This could open up new avenues for economic cooperation and investment in areas that have recently been integrated into the Russian Federation.
President Donald Trump has also signaled his interest in finalizing a deal with Ukraine for access to its natural resources, in exchange for US support for the country’s efforts in the conflict with Russia. Trump suggested the possibility of meeting with Ukrainian President Volodymyr Zelenskyy to finalize an agreement, which he described as being in the final stages of negotiation. The US administration sees the potential for a mutually beneficial arrangement that could boost Ukraine’s economy and provide the US with access to valuable resources.
Overall, the prospect of cooperation between Russia and the US in mining rare earth minerals presents an opportunity for economic growth and partnership between the two nations. As discussions continue and agreements are reached, both countries stand to benefit from the development of these valuable resources. The potential for collaboration in other sectors, such as energy, further underscores the possibilities for expanded cooperation and investment between Russia and the US.
