Ukraine’s rare earth minerals caught in war, Russian control and global power struggles

Описание: Ukraine possesses extensive reserves of rare earth minerals, crucial for technology, but much of these resources are located in Russian-occupied territories. Extracting and processing these minerals is both complex and expensive, requiring substantial investment. The ongoing conflict further complicates efforts to access and monetise these reserves. China, the global leader in rare earth production and processing, maintains its dominance despite US interest in Ukraine’s potential. Trade tensions between the US and China continue to impact the rare earth market, with export controls affecting military and tech industries. Ukraine is pushing for security guarantees and favourable financial terms in any potential agreement. The war and geopolitical rivalries significantly hinder the development of these vital resources.

Al Jazeera’s Imran Khan reports.

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