Putin scolds Tomtor rare earth deposit’s operator over development delays
Located in the north of the Siberian region of Yakutia, Tomtor is a key project in Russia's plans to boost output of rare earth.
Demand for rare earth metals is likely to continue growing at double digit annual rates for the foreseeable future but, the supply side does not look quite as rosy.
According to Molycorp CEO, Mark Smith, while a lot of production has been forecast from a number of small producers, very little of it is likely to come on stream in five years.
