Ukraine has offered to strike a deal with President Donald Trump for continued American military aid in exchange for developing its mineral industry, which could provide rare earth elements that are essential for many kinds of technology. Trump expressed interest earlier this month, and Ukrainian President Volodymyr Zelenskyy proposed the idea last fall as part of his plan to strengthen Kyiv's hand in future negotiations with Moscow. Andrii Yermak, chief of staff to the Ukrainian president, said in an interview with The Associated Press that We really have this big potential in the territory which we control. We are interested to work, to develop, with our partners, first of all, with the United States. Here is a look at Ukraine's rare earth industry and how a deal might come together What are rare earth elements? Rare earth elements are a set of 17 elements that are essential to many kinds of consumer technology, including cellphones, hard drives, and electric and hybrid vehicles. It's unclear if Trump is seeking specific elements in Ukraine, which also has other minerals to offer. It can be lithium. It can be titanium, uranium, many others, Yermak said. It's a lot. China, Trump's chief geopolitical adversary, is the world's largest producer of rare earth elements. Both the US and Europe have sought to reduce their dependence on Beijing. For Ukraine, such a deal would ensure that its biggest and most consequential ally doesn't freeze military support. That would be devastating for the country, which has been at war for nearly three years after Russia's full-scale invasion on Feb. 24, 2022. The idea also comes at a time when reliable and uninterrupted access to critical minerals is increasingly hard to come by globally. What is the state of the Ukrainian mineral industry? Ukraine's rare earth elements are largely untapped because of the war and because of state policies regulating the mineral industry. The country also lacks good information to guide the development of rare earth mining. Geological data is thin because mineral reserves are scattered across Ukraine, and existing studies are considered largely inadequate. The industry's true potential is clouded by insufficient research, according to businessmen and analysts. In general, the outlook for Ukrainian natural resources is promising. The country's reserves of titanium, a key component for the aerospace, medical, and automotive industries, are believed to be among Europe's largest. Ukraine also holds some of Europe's largest known reserves of lithium, which is required to produce batteries, ceramics, and glass. In 2021, the Ukrainian mineral industry accounted for 6.1% of the country's gross domestic product and 30% of exports. An estimated 40% of Ukraine's metallic mineral resources are inaccessible because of Russian occupation, according to data from We Build Ukraine, a Kyiv-based think tank. Ukraine has argued that it's in Trump's interest to develop the remainder before Russian advances capture more. The European Commission identified Ukraine as a potential supplier for more than 20 critical raw materials and concluded that if the country joins the 27-nation EU, it could strengthen the European economy. What happens next? Details of any deal will likely develop in meetings between US and Ukrainian officials. Trump announced Tuesday that he would send Treasury Secretary Scott Bessent to Ukraine to meet with Zelenskyy. US companies have expressed interest, according to Ukrainian business officials. But striking a formal deal would likely require legislation, geological surveys, and negotiation of specific terms.?

Ukraine has offered to strike a deal with President Donald Trump for continued American military aid in exchange for developing its mineral industry, which could provide rare earth elements that are essential for many kinds of technology. Trump expressed interest earlier this month, and Ukrainian President Volodymyr Zelenskyy proposed the idea last fall as part of his plan to strengthen Kyiv's hand in future negotiations with Moscow. Andrii Yermak, chief of staff to the Ukrainian president, said in an interview with The Associated Press that We really have this big potential in the territory which we control. We are interested to work, to develop, with our partners, first of all, with the United States. Here is a look at Ukraine's rare earth industry and how a deal might come together What are rare earth elements? Rare earth elements are a set of 17 elements that are essential to many kinds of consumer technology, including cellphones, hard drives, and electric and hybrid vehicles. It's unclear if Trump is seeking specific elements in Ukraine, which also has other minerals to offer. It can be lithium. It can be titanium, uranium, many others, Yermak said. It's a lot. China, Trump's chief geopolitical adversary, is the world's largest producer of rare earth elements. Both the US and Europe have sought to reduce their dependence on Beijing. For Ukraine, such a deal would ensure that its biggest and most consequential ally doesn't freeze military support. That would be devastating for the country, which has been at war for nearly three years after Russia's full-scale invasion on Feb. 24, 2022. The idea also comes at a time when reliable and uninterrupted access to critical minerals is increasingly hard to come by globally. What is the state of the Ukrainian mineral industry? Ukraine's rare earth elements are largely untapped because of the war and because of state policies regulating the mineral industry. The country also lacks good information to guide the development of rare earth mining. Geological data is thin because mineral reserves are scattered across Ukraine, and existing studies are considered largely inadequate. The industry's true potential is clouded by insufficient research, according to businessmen and analysts. In general, the outlook for Ukrainian natural resources is promising. The country's reserves of titanium, a key component for the aerospace, medical, and automotive industries, are believed to be among Europe's largest. Ukraine also holds some of Europe's largest known reserves of lithium, which is required to produce batteries, ceramics, and glass. In 2021, the Ukrainian mineral industry accounted for 6.1% of the country's gross domestic product and 30% of exports. An estimated 40% of Ukraine's metallic mineral resources are inaccessible because of Russian occupation, according to data from We Build Ukraine, a Kyiv-based think tank. Ukraine has argued that it's in Trump's interest to develop the remainder before Russian advances capture more. The European Commission identified Ukraine as a potential supplier for more than 20 critical raw materials and concluded that if the country joins the 27-nation EU, it could strengthen the European economy. What happens next? Details of any deal will likely develop in meetings between US and Ukrainian officials. Trump announced Tuesday that he would send Treasury Secretary Scott Bessent to Ukraine to meet with Zelenskyy. US companies have expressed interest, according to Ukrainian business officials. But striking a formal deal would likely require legislation, geological surveys, and negotiation of specific terms.?