The development of rare earth industry - on the Russian Industry and Trade Ministry Control.

Industry and Trade Minister of Russia Denis Manturov held a meeting on issues of industrial development of rare metals (REM).

Since 2013 in Russia has been implementing sub-program of rare-metal industry developing. At the first stage - until 2016 - to be set up scientific and technological capacity in the industry, on the second - up to 2020 - is planned to establishing industrial plants.

Opening the meeting, Denis Manturov stated that the first stage of the subroutine is focused on technology development, on the basis of which will be produced rare earth metals (REM) and products using them. For this purpose has allocated over 4.6 billion rubles of budgetary funds. This draws the same amount of extra-budgetary funding.

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