President Donald Trump yesterday indicated that he is demanding that embattled Ukraine fork over its rare earth minerals as a way to repay the United States for is hundreds of billions in military support, something warhawks in Washington have salivated over for a long time.
In a meeting with press reporters in his office, Trump explained his ambitions, stating:
We’re telling Ukraine they have very valuable rare earth. We want what we put up to go in terms of a guarantee, we want a guarantee, we want we’re handing them money hand over fist.
We’re giving them equipment, [Europe] is not keeping up with us, they should equalize. And look, we have an ocean in between, they don’t, it’s more important for them than it is for us, but they’re way below us in terms of money and they should be paying at least equal, they should really be paying much more than us, but let’s say equal to us, and they have billions and billions of dollars below.
So we’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earth and other things.
Though Trump did not clarify exactly which minerals we was referring to, Ukraine is indeed a treasure-trove for minerals that play a big part in global supply chains. According to a 2024 World Economic Forum (WEF) report, “Ukraine holds immense potential as a major global supplier of critical raw materials essential for these high-profile industries. With vast reserves of minerals, Ukraine can significantly contribute to the global supply chain for many or all of them.”
The WEF specifically detailed Ukraine’s vast mineral resources:
“Ukraine’s diverse geological zones make it a top 10 global supplier of mineral resources, holding around 5% of the world’s total. The east European nation has approximately 20,000 mineral deposits covering 116 types. Before Russia’s full-scale invasion, 3,055 of these deposits (15%) were active, including 147 metallic and 4,676 of non-metallic mineral deposits.
“Ukraine is a key potential supplier of rare earth metals, including titanium, lithium, beryllium, manganese, gallium, uranium, zirconium, graphite, apatite, fluorite, and nickel. Despite the war, Ukraine holds the largest titanium reserves in Europe (7% of the world’s reserves). It is one of the few countries that mine titanium ores, crucial for the aerospace, medical, automotive and marine industries.
“Before February 2022, Ukraine was a key titanium supplier for the military sector. It also has one of Europe’s largest confirmed lithium reserves (estimated at 500,000 tons), vital for batteries, ceramics, and glass. Ukraine is the world’s 5th largest gallium producer, essential for semiconductors and LEDs, and has been a major producer of neon gas, supplying 90% of the highly purified, semiconductor-grade neon for the US chip industry.
“Ukraine boasts confirmed deposits of beryllium, which is crucial for nuclear power, aerospace, military, acoustic and electronic industries, as well as uranium, which is essential for nuclear and military sectors. Zirconium and apatite are vital for nuclear and medical production. The country is also known for its substantial, high-quality iron ore and manganese reserves, which are crucial for green steel production. Ukraine supplied 43% of the EU’s steel plate imports in 2021.
“Additionally, Ukraine holds significant reserves of nonferrous metals such as copper (4th in Europe), lead (5th), zinc (6th), and silver (9th). Nickel deposits (215 thousand tons) and cobalt (8.8 thousand tons) are found in the secure Kirovohrad and Dnipropetrovsk regions. Ukraine’s graphite reserves represent 20% of global resources. The country also ranks among the top 10 globally for minerals, including bromine, magnesium metal, manganese, peat, pig iron and kaolin, among others.
“Access to Ukrainian resources could help democratic countries achieve greater autonomy from non-democratic regimes, particularly in energy and technology,” Nataliya Katser-Buchkovska, Founder, Green Resilience Facility.
Read the rest report for free on Substack:
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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