In exchange the US would continue to provide Kiev with support in its conflict with Moscow
Kiev will have to supply Washington with rare-earth minerals if it wants to continue receiving American assistance, US President Donald Trump told journalists on Monday. Ukraine will need to enter a new agreement with the US, he added, calling it a “guarantee” for Washington.
According to the 2024 World Economic Forum report, Ukraine “holds immense potential as a major global supplier of critical raw materials” that could be “essential” for defense, high-tech and green energy industries. The nation boasts the largest titanium reserves in Europe, amounting to 7% of global reserves. Before the escalation of the conflict with Moscow in 2022, Ukraine was a key titanium supplier for military industries.
The list of rare-earth metals that can be found in Ukraine also includes beryllium, manganese, gallium, uranium, zirconium, graphite, apatite, fluorite, and nickel. The country also possesses Europe’s largest confirmed lithium reserves, estimated at 500,000 tons. The mineral is particularly important for use in batteries and accumulators.
“Ukraine has very valuable rare earths,” Trump told journalists on Monday. According to the president, the US was “handing them [Ukraine] money hand over fist” and wanted some “guarantees.”
“We are looking to do a deal with Ukraine where they are going to secure what we are giving to them with the rare earths and other things,” he added.
Last week, Trump halted all aid programs run by USAID, a soft-power agency that distributes billions of dollars each year for projects that promote US interests around the world under the premise of humanitarian development. The agency oversaw numerous aid schemes in Ukraine.
In response, Ukrainian MPs appealed to the EU to replace the lost American aid, calling foreign assistance “an important part of our path to democratic development and sustainability.” They also stated that Ukrainian recipients of American grants had been hit “worse than it may seem.”
Vladimir Zelensky told AP in an interview published on Sunday that Kiev had received just over $75 billion in military and other types of assistance from Washington. He was commenting on an earlier statement by Trump that the US had provided Kiev with “$200 billion [worth of assistance]more than the EU.” Zelensky claimed he had no idea where that estimate originated from or where the money could have gone.
Since 2022, the US Congress has authorized roughly $175 billion for Ukraine, but a significant portion of that funding has gone to American industries and various US government activities related to the conflict.
According to Germany’s Kiel Institute for World Economics, as of October 2024, the US had provided Ukraine with some $92 billion in financial and military assistance, while EU nations and the UK had allocated $131 billion.
