Strategic Minerals: Ukraine's Untapped Potential Amidst Conflict

The ongoing conflict in Ukraine has brought attention to its vast mineral resources, particularly rare earth elements. These minerals, essential for various industries including defense and technology, remain largely untapped due to the war’s disruptions. The Ukrainian government, alongside foreign allies, seeks to unlock this potential amidst geopolitical challenges.


Devdiscourse News Desk | Kyiv | Updated: 05-02-2025 18:35 IST | Created: 05-02-2025 18:35 IST
Strategic Minerals: Ukraine's Untapped Potential Amidst Conflict
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Ukraine's conflict has shifted focus to its abundant mineral resources, notably rare earth elements, crucial for industries such as defense and technology. These resources are essential for various high-tech applications yet remain largely unexploited due to the war and occupation issues.

President Donald Trump's recent remarks highlight the geopolitical interest in Ukraine's resources, suggesting deals for critical minerals amid military support. This aligns with Ukraine's strategic 'victory plan' seeking cooperation with international allies to exploit these valuable assets.

Despite the conflict, Ukraine's government is working on deals with Western countries to develop its mineral sector, estimated to have a $12-15 billion potential by 2033. However, challenges such as regulatory inefficiency and data access hinder immediate investment.

(With inputs from agencies.)

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