Trump Wants Ukraine’s Minerals, But What Does It Actually Have?

Feb. 18, 2025, 7:58 PM UTC

Ukraine’s mineral wealth has been thrown into the spotlight as US President Donald Trump looks to seize control of its resources in return for military support. Yet very little is actually known about what’s up for grabs.

Various reports have suggested that Ukraine has mineral deposits worth upwards of $10 trillion, and President Volodymyr Zelenskiy’s government has been keen to promote crucial materials that can be exploited as it seeks more military and economic support.

Rare earth elements — which play a key role in defense and other high-tech industries — have become a particular focus for Trump as ...

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