One of the fundamental development factors of global economy is the steady growth of consumption and production of the rare-earth metals (REM). It has been an indicator of economic development and national security in industrialized countries for decades. The existing resource dependence on the Chinese producers and monopolization of the market promoted extension and realization of REM development state programs in many countries. Established under the conditions of centrally planned economy, the Russian rare earth industry is off so far. The key factors of the Russian REM industry degradation are the gap of technological chains, the lack of internal demand for innovative products of high degrees of processing, the low level of mineral processing technologies, the need for skilled workers, the large-scale investments requirement. So the interrelation and the difficulty of assessing and managing these factors within their strategic nature actualize the problem of implementation and development of an integrated national program aimed to promote the creation and development of rare-earth production and consumption. Objective: To determine the strategic priorities of creating a system of productionconsumption of rare earth industry in Russia in the face of global competition and the mechanisms of their maintenance by government regulation. Methodology of research: comparative analysis, system analysis and economic market analysis, forecasting techniques, methods of expert assessment. Research results: The supply and demand assessment of REM global and domestic market in the medium and long term is given. Research covers the state, problems and prospects for recovery and development of Russian REM industry. The opportunities for operational commissioning of natural and man-made sources of rare earth materials are identified. The comparative analysis of existing programs of state regulation of REM in the developed countries is carried out. The proposals for the recovery and development of REM in Russia are formulated.
