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Is Zelensky fooling Trump over rare earth minerals?
High-level US-Russia talks in Saudi Arabia over the Ukraine war have sparked concerns regarding the control of Ukraine's rare earth minerals. Ukrainian President Volodymyr Zelensky had initially offered these minerals to the US in exchange for security guarantees but later refused to finalize...
A new angle emerged to the minerals deal when a Ukrainian MP told Russia Today (RT) that Zelensky wildly misled Trump when he boasted about Ukraine’s mineral deposits.
Ukraine has no major rare earth reserves that have been internationally recognized as economically viable. While the country has reported a series of deposits, little is known about their potential — most of them appear to be by-products of producing materials like phosphates, while some are in areas of Russian control.
Zelenskyy's rare earths offer is based on exploration activities that took place largely between the 1960s and 1980s, when the Soviet state was actively mapping the area, industry experts said."
"The deposits would be difficult to develop. Some are stuck behind battle lines or, in the case of the geological record for one of the sites, require advanced processing technology and a stable energy grid to extract. And the valuation of the deposits is based on decades-old data:
The value remains uncertain due to potential Russian reinvasion risks post-ceasefire and Ukraine's challenging business environment, characterised by complex regulations and insider dealings, which have historically deterred investment.