Tag: rare earth minerals

“Trump might end up getting less than he bargained for. Estimates of Ukraine’s supposed mineral wealth are based on outdated Soviet-era surveys that didn’t take into account the viability or cost of developing them.
The latest draft of the agreement, cited by Ukrainian newspaper Economic Pravda, would see Kyiv pay 50 percent of revenues from its state-owned natural resources into a fund that would invest in Ukraine. There would be no U.S. security guarantees in return.”

…

“Though the country reports more than 20,000 surveyed mineral deposits and sites, only around 8,000 of them have been assessed as viable. Of these, fewer than half were being exploited before Russia’s full-scale invasion of Ukraine three years ago.”

…

“China — which processes nearly 90 percent of rare earths worldwide — holds a “near monopoly” over this step in the supply chain, according to the Center for Strategic and International Studies. Most major rare earth producers, including the U.S., lack the domestic know-how or infrastructure needed to refine the minerals, forcing them to rely on Beijing.

Developing infrastructure to do so in Ukraine would, even with U.S. investment, take years and would likely be less efficient than shipping the minerals to China for processing.”

…

“Add to this investment the billions of dollars required to clear land of mines and explosives — which could take over a decade — and to rebuild essential infrastructure to sustain the mining sector, from roads to power plants.”

…

“Several promising prospects are located in territories under Russian occupation.”

https://www.politico.eu/article/donald-trump-bad-mineral-deal-ukraine-volodymyr-zelenskyy/