Ukraine is proposing a deal with the United States to develop its mineral industry, particularly its rare earth elements, in exchange for continued American military aid. This proposal, previously suggested by Ukrainian President Volodymyr Zelenskyy, aims to strengthen Kyiv's position in future negotiations with Moscow and reduce reliance on China, the world's largest producer of rare earth elements. The deal could be beneficial for both countries, providing Ukraine with vital military support and the US with access to critical minerals. However, challenges remain, including the ongoing war, a lack of geological data, and the need for security guarantees for companies operating in Ukraine.
for continued American military aid in exchange for developing Ukraine ’s mineral industry, which could provide a valuable source of the rare earth elements that are essential for many kinds of technology.
It's unclear if Trump is seeking specific elements in Ukraine, which also has other minerals to offer.China, Trump’s chief geopolitical adversary, is the world’s largest producer of rare earth elements. Both the U.S and Europe have sought to reduce their dependence on Beijing. Geological data is thin because mineral reserves are scattered across Ukraine, and existing studies are considered largely inadequate. The industry's true potential is clouded by insufficient research, according to businessmen and analysts.
An estimated 40% of Ukraine's metallic mineral resources are inaccessible because of Russian occupation, according to data from We Build Ukraine, a Kyiv-based think tank. Ukraine has argued that it's in Trump’s interest to develop the remainder before Russian advances capture more.
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