After several crosses, chicanas and disagreements, the United States and Ukraine managed to sign the mineral agreement provided for US investments for the exploitation of rare earth and other minerals.
The pact left both parties and represents a turn of the US president, Donald Trump, who thus gives a strong support to the Volodimir Zelenski government in the midst of the warm negotiations with Russia to stop war.
The agreement includes 57 types of resources, including oil and gas. The fund earnings will be invested exclusively in Ukraine, which must not pay any “debt” for the billions of financing he received from the United States from the Russian invasion.
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In case Washington sends new military aid, it will be counted as a contribution to the fund, the agreement indicates. Ukraine states that he will keep absolute control of his subsoil, infrastructure and resources.
The Pact will exclusively finance mining, oil and gas projects, as well as infrastructure and processing in Ukraine during the first ten years, after which the profits “could be distributed among the partners,” says kyiv.
Ukraine resources. The country has about 5% of world mineral and rare land resources, according to several estimates. Much is without exploiting and many deposits are in territories that Russia now controls.
Rare earth encompasses 17 chemically similar elements, which are currently used in technological and industrial products. They are fundamental in the manufacture of cell phones, computers and medical equipment.
It also has about 20% of the graphite in the world, an essential material to produce electrical batteries. And is one of the largest manganese and titanium producers. And it has one of the largest lithium deposits in Europe, without exploiting.
The Donald Trump government has a great interest in controlling the production of rare earths and other essential minerals by virtue of competition with China. The Asian giant currently dominates the world offer and the United States intends to break that dependence.
