Rare earths have been thrust into the spotlight as a deal granting the US access to Ukraine’s mineral resources edges closer to being signed even after the collapse of talks last week between Volodymyr Zelenskyy and Donald Trump.
The American president has pressed his Ukrainian counterpart to sign a deal that would let the US benefit from Ukraine’s untapped resources — a deal that, he says, would be worth hundreds of billions of dollars encompassing Ukraine’s oil and gas as well as mineral resources.
But the president has expressed particular enthusiasm for the country’s rare earth metals, which are used in products ranging from mobile phones to electric cars.