Ukraine selling rare earth minerals to America
Ukraine is in the final stages of a deal to sell rare earth minerals to America, despite initial hesitation from President Zelensky. The deal could deter Chinese investment and provide security guarantees for Ukraine.
Key Points
- Ukraine has a bountiful supply of rare earth minerals and critical minerals
- President Trump initiated the idea of the mineral deal with Ukraine
- President Zelensky expressed initial hesitation but negotiations are progressing
- The deal could impact Chinese investment in Ukraine
Pros
- Potential for deterrence of Chinese influence and investment in Ukraine
- Security guarantees for Ukraine to prevent future invasions
Cons
- Concerns about heavily indebting Ukrainians in the future