A Rostec subsidiary is in talks with Chinese partners to extract rare earth elements in Russia with Chinese technology. Rostec, together with Aleksandr Nesis’ ICT and other investors, own TriArk Mining, with rights over two major sources of rare earth elements: Th+REE monazite concentrate stocked in Krasnoufimsk near Yekaterinburg since the ’40s, and large REE deposits in Tomtor, in the Far Eastern region of Yakutia.

Chinese companies have shown a degree of interest in new REE deposits abroad (cf. China Nonferrous at the Kvanefjeld mine in Greenland, potentially Minmetals in Greece).