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Russia Holds Rare Earths But Mines Little. That's Changing

  • The country holds some of the biggest rare-earth reserves
  • But its projects have faced several setbacks in development
Neodymium

Photographer: Nelson Ching/Bloomberg

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With rare earths in the cross hairs of the U.S.-China trade war, there’s a sharp focus on who else can sell the critical minerals.

Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world’s fourth-biggest reserves, according to the U.S. Geological Survey. There are two projects that could come online by 2023, but they’ve been set back by delays.