Experts explained the benefits for a number of companies due to the race for rare metals

Freedom Finance Global analyst Vladimir Chernov told Izvestia on February 25 that companies in their exploration, production and production should benefit from the race for rare earth metals (REM), as they will increase revenue from the development and scaling of this industry in the Russian Federation.

"Consumers These metals will benefit only from the fact that domestic producers should offer more favorable prices compared to imported supplies," the expert added.

In turn, Dmitry Baranov, a leading expert at Finam Management Management Company, also explained that an increase in the extraction of rare earth metals and the production of products from or using them will primarily contribute to the growth of financial results of companies operating in this field. According to him, an increase in demand for these resources will make it possible to increase their production and produce more products from them. It will also contribute to the development of new technologies, which will increase the overall efficiency of production.

"First of all, the beneficiaries of the current situation with the REM are mining companies, those that develop such deposits. Companies that use them for various production can also benefit from the increased interest in REM, they can produce more products from them, in fact they will expand the market, provide themselves with jobs for the future," he said.In addition, the expert clarified that the current situation can benefit those companies that deal with the disposal of various wastes and their reuse. The growing demand for rare earth metals will encourage such companies to engage in this area, re-processing waste to search for REM, which will increase their production and financial performance.

"Those companies that use products from REM can improve business efficiency, reduce costs, this will strengthen their position in the market, increase revenue. In general, the growing interest in REM can benefit everyone who is somehow connected with this area," Baranov concluded.

Earlier in the day, the Ministry of Natural Resources and Environment of the Russian Federation reported that Russia has total reserves of 29 types of rare earth metals amounting to 658 million tons. These there are enough reserves both for the current needs of the Russian economy and for the long term, the ministry stressed.

On the eve of the Russian President Vladimir Putin said that the Russian Federation is ready to offer public and private structures USA collaboration on rare earth metals.