Russia's Putin outlines aluminum, rare earth deals with U.S.

Offer comes after Trump spoke of 'major economic development transactions with Russia'

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Russian President Vladimir Putin speaks with a correspondent from state TV at his residence outside Moscow on Feb. 24. (Sputnik/Pool via Reuters)

MOSCOW (Reuters) -- Russia's President Vladimir Putin offered the U.S. the opportunity for joint exploration of the country's rare earth metals deposits, as well as the supply of aluminum to the U.S. domestic market, outlining a future economic deal between the two countries.

U.S. President Donald Trump earlier said that "major economic development transactions with Russia" would take place. Within two hours of Trump's statement, Putin chaired a meeting with his ministers and economic advisers on rare earth metals.

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