US President Donald Trump has expressed a desire to conclude an agreement with Ukraine on the exchange of military aid for rare earth resources. According to information from the "Investment Atlas of Subsoil User" of the State Service of Geology and Subsoil of Ukraine, our country has significant reserves of lithium, titanium, and rare metals, writes UNN.
Lithium
Although lithium is not currently mined in Ukraine, its reserves account for about a third of Europe's total reserves and approximately 3% of global reserves. To date, three deposits with lithium oxide content ranging from 1.1% to 1.4% have been explored, and one preliminarily studied area, with several lithium ore occurrences, are available.
One petalite deposit with reserves estimated according to the international JORC classification system is licensed. Lithium reserves are concentrated in hard rocks, which opens up opportunities for their future use.
Titanium
Ukraine is among the top ten leading countries in terms of titanium reserves, accounting for 7% of its global production. Ukraine has 28 placer and bedrock deposits. The main titanium-containing minerals — ilmenite and rutile — are often found with zircon. Ore is mined at 7 deposits, which is processed into 400-900 thousand tons of concentrate, mainly for export. Four deposits are subject to privatization along with the United Mining and Chemical Company. Up to 50 thousand tons of titanium concentrate can be processed in Ukraine into titanium sponge, which is used for the production of metallic titanium, and another 80 thousand tons — into white pigment TiO2, which is used in the chemical and food industries.
Rare and rare earth metals
Ukraine also has significant resources of rare earth and rare metals, including tantalum, niobium, and beryllium. Several complex deposits of these metals have been officially registered, particularly at the Novopoltavsky apatite ore deposit, which could become an important source for the development of the rare earth industry in the future. Ukraine has one beryllium deposit with reserves of 13.9 thousand tons of BeO and associated elements.
There is also one beryllium deposit owned by BGV Group.
Recall
As reported by AFP, US President Donald Trump stated that he wants to exchange rare earth metals from Ukraine for American aid, explaining that there is "significant progress" in the peaceful settlement of the war in Ukraine.
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