"Rare minerals in exchange for US aid" - Trump sets conditions for continued support for Ukraine
US President Donald Trump said he wanted Ukraine to supply the United States with rare minerals as a form of payment for the country's financial support during the war against Russia.
Trump, speaking to reporters at the White House, said Ukraine was ready, adding that he wanted compensation from Kiev for Washington's roughly $300 billion in support.
"We're telling Ukraine that they have very valuable rare earths," Trump said. "We're looking to make a deal with Ukraine where they'll provide what we're giving them with their rare earths."
Rare earths are a group of 17 metals used to create magnets, which convert energy into motion for electric vehicles, cell phones and other electronic devices.
The U.S. Geological Survey considers 50 minerals critical to the nation's economy and national defense, including several types of rare earths, nickel, and lithium.
Ukraine contains large deposits of uranium, lithium, and titanium, although none of them are considered to be among the world's five largest by volume.
The United States has only one operating rare earth mine and very little processing capacity, although several companies are working to develop new projects in the country. China is the world's largest producer of rare earths and many other critical minerals.
Commenting on US President Donald Trump's interest in Ukraine's rare minerals, Ukrainian President Volodymyr Zelenskiy told reporters in Kiev that Ukraine welcomes investments from American companies.
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