Recently, Mongolian President Ukhnaagiin Khurelsuk said in an interview with Rossiya-24 TV channel that Mongolia will prepare to cooperate with Russia to explore rare earth mines.

Khurelsuk said that we are willing to cooperate with different countries around the world, including the Russian Federation, to conduct geological exploration and further utilization of rare earth metal deposits. The two countries have a good tradition of cooperation in the field of mining, with hundreds of Mongolian mining experts educated in Russia and successfully working in this field.

Khurelsuk said that Mongolia is one of the 12 countries with the richest natural wealth in the world, and the mining industry is very developed. We have very good deposits of gold, coal, iron ore and rare earth metals, and geologists have discovered four rare earth deposits. There are probably about 80 in total across the country.

REEs are generally subdivided into three groups, namely light rare earth elements (LREE), heavy rare earth elements (HREE) and medium rare earth elements (MREE). However, not all researchers agree on separating HREE and LREE. Chemists and physicists tend to use similarities in atomic structure to form groups, that is, their electronic structures. Those REEs with paired 4f electrons, namely terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Th), ytterbium (Yb) and lutetium (Lu), are usually listed as HREEs Group. Samarium, europium, and gadolinium are MREEs, while the remaining REEs are so-called LREEs.

With Mongolia's mining industry suddenly gaining international attention, an often-asked question is whether the country can provide a steady supply of rare earth minerals, the 17 elements that are essential for the large-scale manufacture of various items, according to Oxford Business Group. important. Enhancing exploration for this group of key raw materials is one of several priorities for Mongolia's mining industry. Although exploration is currently underway, it will take at least two to three years for any deposit to reach the production stage, according to government officials.