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The mineral deal between US President Donald Trump and Ukraine President Volodimir Jailonski in February has been completed 2 months after the scorching debate in February.
The US has helped Ukraine $ 350 billion in the war against Russia. In return, he demanded the US to give rare minerals.
Jailonski visited Ukraine in late February to sign the mineral deal. However, there was a sharp debate between the two about the ceasefire in the White House. After this, Jailonsky returned from America without signing the deal.
Now with the completion of this deal, America will get rare minerals of Ukraine.
Ukraine has rare minerals worth about 11 trillion dollars. This amount is 3 times more than the total economy of India.
Stores of over 100 rare minerals in Ukraine
Ukraine has more than 100 rare minerals reserves. Among them, there are 20 reserves which have been said to be very important by the US Geological Survey for US economy growth and security. Some major minerals present in Ukraine…
1. Titanium: This silver -like material is found as pieces of rocks inside the ground. Titanium is 50% lighter than iron and 56% from steel, yet both are stronger than both metals. A temperature of 2 thousand degrees Celsius is required to melt the titanium. That is, it can bear more heat. That is why it is used from aircraft to power stations. Ukraine had 7% of global titanium production before the introduction of Russia-Ukraine rust.
2. Lithium: Lithium found in volcanic rocks and waterfalls is light white in color. It is the lightest metal in the world. The lithium is not kept in the open air, as it immediately catchs fire when exposed to oxygen. Because of this lithium is immersed in oil. Lithium can also be cut with a knife, as it is very soft. It is used to make batteries. Ukraine has 33% of Europe’s total lithium reserves.
3. Uranium: It is a radioactive metal, found in rocks and waterfalls. Uranium is also called the world’s most dangerous metal because it is used to make atomic bombs. 2% of the total uranium around the world is found in Ukraine.
4. Rare Earth Minerals: It is a group of 17 minerals, from consumer electronics to military equipment. This includes seryium, dysproosium, urbium, Europeium, gadolinium, holymium, lanthanem, lutetium, neodimium, presiodemium, Prometheum, Samaryium, Scandium, Terbium, Theulium, Yatterbium and Errium.
Apart from this, there is also a large reserves of graphite in Ukraine, which is used in making electric vehicles.
How will America earn billions of dollars from rare minerals? Trump has proposed to capture 50% of Ukraine rare minerals. These include many prized and rare minerals including graphite, uranium, titanium, lithium. They are used from Tesla’s cars to the rocket of spacex, from the Hovitzer cannon to the mobile chip.
Jessica Gainyer, senior lecturer at International Relations at Flinders University, told ABC News that Trump’s focus is on Ukraine’s rare minerals, as Trump wants to increase American security and industry. Trump wants to give a tough competition to China with the help of these minerals.
Many Ukraine minerals in Russia occupied area Ukraine has many important reserves of rare economy materials. However, after the war, many of these areas are occupied by Russia…
Russia is currently occupied by Luhansk, Donetsk, Japorizia and Kherason of Ukraine. In these provinces, there is 53% of the total mineral reserves of Ukraine, which is priced at 660 lakh crore rupees, or about 660 lakh crore rupees. It has been occupied by Putin since September 2022.
On 25 February, Russian President Vladimir Putin expressed his desire to deal with the US with the US. Putin said that we are ready to work with America for rare economies. Russian companies can also extract natural resources from Russia’s land. They also include land that Russia has handed over from Ukraine.
On this, Trump gave a statement and said,
I would like to buy minerals from Russia. Russia has a good reserves of rare meanings. There is also a large amount of oil and gas. This is a good thing for Russia, because we can compromise on it.
How does America fulfill the need for its rare minerals right now? The supply of rare economies worldwide is occupied by China. In the last few decades, China has become the largest country in terms of mining and processing of rare minerals. According to the report of Mining Technology, China produces 60% to 70% of the world’s rare minerals, while 90% of rare minerals are processed in China only.
According to a 2023 US Geological Survey report, in 2018 to 2021, the US imported 74% of rare economies from China. Apart from this, 9 other minerals including 53% Galillium and 33% graphite were also imported.
Trump wants to increase America’s share in the supply of rare minerals. Currently, the US is dependent on China for these minerals. It is a matter of concern for Trump, who talks about making America great again. This may weaken the US bets on the economic and military front.
Serhi Vyjwa, director of Geological Institute of Keev’s Tarse Shevachhenko National University, said in an interview,
It is clear that Europe, Japan and the United States of America are dependent on China for all rare minerals.
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