Economics, Estonia, Markets and Companies, Metals Market, Port, Transport

Taavi Rõivas at the company Molycorp Silmet. Photo: valitsus.ee

According to the Prime Minister, Molycorp Silmet is an excellent example of high quality specialisation.

“It is impressive that metals that are highly valued by high-tech industries are produced in Estonia and that their export volumes, considering their rarity, are considerable on a global scale,” said Rõivas.

Molycorp Silmet is one of the largest science-intensive high technology companies in Estonia. It produces up to 3 percent of rare earth metals in the world.

The Prime Minister also visited the Port of Sillamäe – the second largest merchant port in Estonia. The port has an increasing role in the Estonian transport system and the economy as a whole.

The Prime Minister also attended the opening ceremony of a new shale oil plant of Viru Keemia Grupp (VKG) – Petroter II. Rõivas completed his visit to Ida-Virumaa in Jõhvi where he met with local people.