Explainer: Why Ukraine is pursuing a mineral agreement with the U.S.

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet in New York
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. REUTERS/Shannon Stapleton//File Photo
Source: REUTERS
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Ukraine is close to finalising a key agreement with the United States concerning its vast mineral resources, which are essential for renewable energy, military technologies, and industrial infrastructure.

With 5% of the world’s critical raw materials, Ukraine’s minerals have become increasingly valuable, particularly as the U.S. seeks alternative sources to reduce reliance on China.

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