"Ready to supply the US with aluminum and minerals" - Putin aims to expand economic cooperation with Trump
Russian President Vladimir Putin offered the United States the opportunity for joint exploration of the country's rare earth metal deposits, as well as the supply of aluminum to the US domestic market, under a future economic agreement.
White House President Donald Trump said earlier that "major economic development deals with Russia" would take place. Putin then chaired a meeting with his ministers and economic advisers on rare earth metals.
"We obviously have much more resources of this kind than Ukraine," Putin added. He noted that a possible US-Ukraine deal involving rare earths was not a concern for Russia.
The Kremlin has the world's fifth-largest reserves of rare earth metals, according to data from the U.S. Geological Survey, after China, Brazil, India and Australia. Moscow's reserves are estimated at 3.8 million metric tons.
Rare earth metals are used to create magnets that convert energy into motion for electric vehicles, mobile phones, missile systems and other electronic devices. Russia produces only 2,500 tons of concentrate a year and lacks the capacity to process it. Putin said potential deals to explore the metals could also extend to deposits in Ukrainian territory that the Kremlin controls.
He noted that Russian companies could also supply up to 2 million tons of aluminum to the US market annually if the market reopens. Russia provided up to 15% of US aluminum imports before the bans took effect in 2023.
The Russian president suggested that Moscow and Washington could work together on hydroelectric power plants and aluminum production in Siberia, where the main base for Russia's largest aluminum producer, Rusal, is located.
Poll
Confiscated properties on the coast, list revealed - Among them are luxury hotels and apartments, but there is also no shortage of businesses
Despite Tirana having the largest number of confiscated assets, luxury properties illegally obtained by criminal groups are also numerous on the coast.......
EU, "secret weapon" for peace talks in Ukraine? - Over 200 billion euros in Russian funds could shake the balance at the table
US President Donald Trump is acting as if he has everything under control to end the war in Ukraine. But Brussels has an ace up its sleeve that it has yet to......
Control of transactions in exchange offices - Taxes, action on 20 entities. 643 others are “targeted”
Cash circulating in the Albanian economy is the focus of numerous state controls. The Tax Administration has launched inspections for the implementation of......
The number of green vehicles in the country is increasing - 84% of new cars are electric
Year after year, the vehicle fleet in Albania is increasingly green. The General Directorate of Road Transport Services reports that 391 all-electric......
"Albania Model" before the European Court - Deutsche Welle Analysis: Can Italy create asylum centers in Albania?
Not only Rome, but also many other countries are looking with great interest towards Luxembourg. The process regarding the Italian camps built in Albania,......
A new path to US citizenship? - Trump announces 'golden card' for "only" $5 million!
President Donald Trump said Tuesday that the U.S. will sell a "golden card" to wealthy foreigners, granting them the right to live and work in the U.S. and......
US and Ukraine agree on terms of critical minerals deal!
The United States and Ukraine have agreed on the terms of a draft deal on minerals crucial to Kiev's push to win Washington's support as President Donald......
Exchange rate/ The US Dollar recovers while the Franc continues to decline!
The US dollar has recovered points from yesterday, strengthening this morning as it was bought at 94 lek and sold today at 95 lek according to the local......
