Author: SAMYA KULLAB Associated Press, ABC News
Published on: 11/02/2025 | 05:17:39
AI Summary:
Ukraine has offered to strike a deal with U.S. President Donald Trump for continued American military aid in exchange for developing Ukraine’s mineral industry. Rare earth elements are a set of 17 elements that are essential to many kinds of technology. It’s unclear if Trump is seeking specific elements in Ukraine, which also has other minerals to offer. Ukrainian mineral industry accounted for 6.1% of the country’s gross domestic product and 30% of exports in 2021. Ukraine has argued that it’s in Trump’s interest to develop the remainder before Russian advances capture more. Details of any deal will likely develop in meetings between U.S. And Ukrainian officials. It’s unclear what kind of security guarantees companies would require to risk working in Ukraine, even in the event of a ceasefire. And no one knows for sure what type of financing agreements would underpin contracts between Ukraine and U.S companies.
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