On April 30, the U.S. and Ukraine signed a landmark deal to jointly develop Ukraine’s vast critical mineral reserves — including lithium, titanium, and rare earth elements vital for electric vehicles, defense systems, and clean energy. The agreement, finalised after months of politically sensitive talks, gives Washington a strategic role in shaping a sector that barely exists yet — but could define Ukraine’s economic recovery.
Early drafts of the deal reportedly tied future U.S. military aid to mineral access — a condition Ukraine pushed back against. The final agreement avoids debt obligations, preserves Kyiv’s control over subsoil rights, and establishes a joint investment fund with equal voting power.
With over 100 mining sites being prepared and $15 billion in investment potential by 2033, the deal gives the U.S. early access to one of Europe’s most promising, yet undeveloped, resource bases.
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