Investing.com -- Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), is considering the development of rare earth deposits within the nation. The fund’s CEO, Kirill Dmitriev, announced on Tuesday that they are interested in partnering with U.S. firms for this endeavor.
The RDIF is a state-owned entity that invests in sectors deemed strategically significant for the Russian economy. Rare earth elements are a group of 17 metals that are crucial for the manufacturing of various high-tech products, including electric vehicles, smartphones, and military equipment.
Dmitriev did not provide details on potential U.S. partners or specific projects. However, the announcement indicates a willingness on the part of the Russian government to collaborate with foreign entities in the exploitation of its natural resources.
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