Kazakhstan and Russia agreed on cooperation in rare-earth metals production

The Kazakhstan National Nuclear Company “Kazatomprom” and the Russian largest coal producing company “Atomredmetzoloto” signed a memorandum of intentions concerning cooperation in rare-earth metals production, a correspondent of the agency reports.

“An important document between “Kazatomprom” and “Atomredmetzoloto” has been signed today. Today, when rare-earth metal prices are up and keep this upward tendency and the demand for them is increasing, Russia and Kazakhstan extend cooperation in nuclear fuel cycle, nuclear technologies, production and supply to the markets of our countries and the world markets of rare-earth metals,” the head of the Russian state corporation “Rosatom” S.Kirienko said.  

“According to our assessment, there are good possibilities to take powerful position on the rare-earth metals market together (Kazakhstan and Russia),” he thinks.

http://newskaz.ru/economy/20110330/1277222.html

Translated by Iraida Idiyatova