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Why is Ukraine negotiating minerals?

Why is Ukraine negotiating minerals?
Abduje Reel Abdu Laul Rope

BBC News

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Ukraine has significant supply of major minerals, but some are in Russian occupation territory.

KYIV and Washington are signing a contract with Ukraine’s mineral deposits, Ukraine.

Olga Stefanishyna, Deputy Prime Minister of Europe and Euro Atlantic Oceans, Said in X “Negotiations are very constructive and almost all major details have been confirmed.”

“We are trying to complete quickly to sign the signature,” she added.

Zelensky first included a contract proposal for minerals in the so -called “Victory Plan” announced in Trump in September.

The idea was to give the presidential candidate a real reason for the United States to continue to support Ukraine.

British Prime Minister on Monday Boris Johnson told the BBC in KYIV Such transactions were “big prizes” because they secured “Donald Trump’s freedom, US promise to sovereignty and safe Ukraine.”

What miner does Ukraine have?

KYIV estimates that about 5%of the world’s “important raw materials” is in Ukraine. This includes about 19 million tons of graphite reserves, and the Ukrainian Geological Investigation Bureau says it is “one of the top five major countries.”

Graphite is used to create an electric vehicle battery.

Ukraine has one -third of the European lithium deposits and the main components of the current battery. And before the invasion of Russia, 7%of the lightweight metals used to build everything from Ukraine to produce Titanium in Ukraine and to the power plant.

Ukraine also has a lot of rare earth metals. These are 17 element groups used to produce important weapons, wind turbines, electronics and other products in the modern world.

But some mineral sediments were seized by Russia. According to Yulia Svyrydenko, the Economic Minister of Economic Affairs in Ukraine, the resources of $ 350 billion (£ 27 billion) today remain in the occupied territory.

In 2022, SECDEV, headquartered in Canada, said that Russia accounted for 63%of Ukrainian coal mine, and half of manganese, cesium, tantal and rare earth deposits.

Dr. Robert Muggah, the principal of SecDev, said the mineral adds a “strategic and economic dimension” to Russian continuous attacks. He said that Moscow refused to return to Ukraine, expanded its own resource base, and affects the global supply chain.

Why do America want them?

Dr. Muggah explained, “The important minerals are the basis of the 21st century economy.” They are the key to renewable energy, military application and industrial infrastructure. They are “increasing their strategic roles in designated and global economics.”

In addition, according to the Geological Investment Group, the United States is interested in dealing with Ukrainian mineral resources. According to the Geological Investment Group, they want to reduce their dependence on China.

In December, China banned some rare earth minerals to the United States, which restricted mineral exports in the previous year.

The White House, a national security adviser of Emmanuel Macron, told the White House journalists on Monday ahead of his visit to Mike Waltz. Say.

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Minerals such as lithium and graphite are essential for the production of electric vehicles.

What do you know about negotiations so far?

There seems to be some stubborn points before the claim that Stefanishyna has been closer.

Last Wednesday, Zelen Ski rejected the US demand for a 50% stake in rare earth minerals. Trump said it would reflect the amount of theid provided by the United States during the war with Russia.

“I can’t sell our Lord,” he said.

On Sunday, the second draft of the transaction was much harder than the first document.

Zelensky said in a Sunday press conference that the United States suggested that the United States wants overall control instead of 50/50 revenue division, Zelensky told journalists at a press conference.

Zelenzky also wants to include security guarantees in all transactions.

On Monday, former British Prime Minister Boris Johnson called for an agreement on our approach to Ukrainian minerals The Great Prize.

He rejected the proposal that the contract was “torn,” and said, “The Ukrainians obtained from this are the US promises to freedom, sovereignty and safe Ukraine in Donald Trump.”

Some commentators explained the US proposal as “colonies,” but KYIV is interested in the joint exploration of resources.

Iryna Suprun, the chief executive of Geological Investment Group, headquartered in Ukraine, says it is very difficult and expensive to develop these mineral resources. She argues that if US investors can be attracted to develop natural resources, it will be a great help to the national economy.

SUPRUN said, “We will get too short of technology in the mining industry. “We will get capital. This means more jobs and taxes. We will be profitable from mineral deposit development.”

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