The US and Ukraine are close to securing a deal that would provide rare earth minerals in exchange for Washington’s support for the war-torn country. Ukrainian President Volodymyr Zelenskyy expressed concerns over security guarantees, but officials say there is potential for a mutually beneficial agreement.
Zelenskyy rejected a proposal from US President Donald Trump that would have given the US ownership of 50% of Ukraine’s critical minerals, citing it as too focused on US interests. However, Democratic Senator Chris Coons and Republican Senator Lindsey Graham are optimistic about the deal, stating it could be “positive” for both sides if security assurances are included.
The deal would provide Ukraine with access to rare earth minerals critical for manufacturing high-tech products, potentially reducing US dependence on China. Ukrainian experts estimate that the country has deposits of 20 out of the 50 critical raw materials, including titanium, lithium, and zirconium.
Ukrainian officials emphasize that any agreement must include security guarantees for their country. “If this minerals agreement happens it’s a nightmare for Putin,” Graham said. “We have something to defend that we didn’t have before.”
While the US proposal centers on using Ukraine’s rare earth minerals as compensation for funding, Ukrainian experts stress that a deal that includes more than reparations is necessary. Nataliia Shapoval, head of KSE Institute, said a genuine economic partnership with the US would be beneficial for both countries.
The US and Ukraine are exploring a wider deal to end the conflict, with Graham calling it a “game changer.” A successful minerals agreement could strengthen ties between the two nations and provide a new tool in negotiations with Russia.
Source: https://www.cnbc.com/2025/02/16/us-ukraine-could-still-secure-positive-minerals-deal-officials-say.html