Investment by subsoil users in geological exploration of rare earth metals (REM) in 2025 in Russia will increase fourfold, the Ministry of Natural Resources of the Russian Federation said.
The agency clarified that investments in geological exploration of REM in 2024 were at the level of 49.6 million rubles, and the work was carried out with the money of subsoil users. In 2025, investments will increase approximately 4 times - up to 200 million rubles.
Work in this area at the expense of the federal budget has not been carried out since 2018 due to the lack of need to increase a sufficiently powerful raw material base at present.
Total investments in geological exploration of solid minerals in the country this year are expected to be at the level of 132.6 billion rubles against 92.45 billion at the end of 2024.
The head of Rosnedra, Oleg Kazanov, noted that reserves of rare metals, such as tantalum and niobium, in Russia will last for another 100 to 400 years.
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