Politics · Russia · 14 hrs ago

Russia adds titanium to its list of scarce metals

Russia adds titanium to its list of scarce metals

Russia’s government classified titanium as a scarce metal in its list of scarce solid mineral resources.

The change was made in an order published on Russia’s official legal information portal.

The order also adds manganese products to a list of high-value goods made from scarce minerals.

The change aligns the mineral-resource lists with Russia’s Tax Code, which already classifies titanium as a rare metal.

Russia has the world’s third-largest titanium reserves, after China and Australia, estimated at 597 million tonnes.

The government’s decision comes as Russia seeks to develop its mineral resources, with private investment planned for titanium exploration.

The St Petersburg Exchange has already held its first sale of titanium rolled products and plans to add more titanium products to its offerings.

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