Putin: Russia and China Boost Partnership on Critical Minerals

Russia and China are advancing cooperation on critical minerals, aiming to deepen strategic alignment in resource supply chains amid Western export controls and sanctions. This partnership may shift global critical minerals trade flows, particularly in rare earths, lithium, and nickel, by creating alternative channels outside Western-dominated markets. The move enhances supply security for China’s high-tech and green energy sectors while offering Russia new export routes to offset Western sanctions pressure. Markets will assess the extent of joint infrastructure investments and potential bypass mechanisms for export restrictions. Traders will watch upcoming trade data from China Customs and any announcements from the Shanghai Cooperation Organization summit for signs of concrete project commitments.

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