Ukraine Delays US Minerals Deal Until Trump Inauguration
Ukraine has delayed signing a minerals agreement with the United States, with reports suggesting the deal will now be finalized after Donald Trump assumes office as US President. The move allows Trump, rather than current President Joe Biden, to announce the agreement, positioning it as a win for his incoming administration.
Ukrainian officials and business leaders are reportedly highlighting the country's extensive natural resource wealth to align with Trump's pro-industry policies. They aim to emphasize Ukraine's potential role in supporting key American industries that Trump has prioritized for development.
Ukraine holds deposits of 20 critical minerals, including cobalt and graphite, with reserves valued at approximately $11.5 trillion. The country also accounts for 33% of Europe's proven lithium reserves, an essential resource for battery production. The availability of lithium could attract interest from electric vehicle producers like Elon Musk, who is viewed as an ally of Trump.
