Ukraine has proposed a deal to the U.S., offering access to its mineral resources in exchange for continued American military aid.

Rare earth elements, essential for technologies like cellphones and electric vehicles, are among Ukraine’s valuable minerals, along with lithium, titanium, and uranium.

The U.S. and Europe aim to reduce reliance on China, the world’s largest producer of rare earth elements.

Ukraine’s rare earth industry remains untapped due to war and insufficient geological data despite promising reserves of lithium and titanium. Due to Russian occupation, 40% of its metallic mineral resources are inaccessible.

In 2021, Ukraine’s mineral industry contributed 6.1% to the GDP and 30% of exports. Developing these resources could benefit both the U.S. and European economies, as noted by the European Commission.

Details of any potential deal will require meetings between U.S. and Ukrainian officials involving legislation, surveys, and security agreements.

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