Russia's Rare and Rare Earth Metals Producers and Consumers Association announced its plans to organize production of separate metals. Producers will offer neodymium, praseodymium, lanthanum and cerium on the Russian market.
In addition, the production of tantalum in ingots will begin so that metallurgical enterprises can use it, Chairman of the association Ruslan Dimukhamedov said at the MINEX Russia 2023 forum.
According to him, these materials are intended for manufacturers of magnets and catalysts for petrochemicals.
By 2030, the association intends to launch the production of 7,000 tons of rare metals and 140,000 tons of rare earth metals. This will ensure complete independence from imports. However, state support is needed to implement the plan, Dimukhamedov stressed.
In order to successfully compete with manufacturers from other countries the association proposes to increase import duties. Preferential loans would be also useful.
In addition, producers of rare metals offer the state to insure enterprises against bankruptcy: in case of a serious deterioration in the market situation, they ask to subsidize losses, dprom.online notes.
Alex Shishlo for Rough&Polished
