Turkey Eyes US Rare Earths Deal After China, Russia Talks Slow

Turkey is in talks with the United States to develop its rare-earth reserves located in western Anatolia. This move represents a shift in Turkey's approach, as previous discussions with China and Russia regarding the same reserves have faced slowdowns due to disagreements over technology transfer and refining rights. The rare-earth elements, which are essential for the production of various high-tech products, have become a strategic commodity in global supply chains. Turkey's decision to collaborate with the US highlights its desire to diversify its partnerships and potentially reduce its reliance on China, which currently dominates the rare-earth market. The ongoing negotiations with the US are aimed at establishing a joint venture or a licensing agreement that would allow for the extraction and processing of the rare-earth reserves in Turkey. This potential deal could have significant implications for both Turkey's economic development and the global rare-earth supply chain.