Trump Eyes Ukraine’s Mineral Riches as Price for Military Aid
US Military Aid for Minerals?
Former US President Donald Trump has signaled that future military aid to Ukraine could come with a price tag—access to Ukraine’s vast mineral deposits. While his remarks underscore his transactional approach to global affairs, they also highlight a long-standing Western interest in Ukraine’s critical resources.
“We’re putting in hundreds of billions of dollars. They have great rare earths. And I want security of the rare earth, and they’re willing to do that,” Trump stated in the Oval Office on Monday, without clarifying any specific agreements with Kyiv.
How Trump’s Stance Differs from Biden’s Approach
Under President Joe Biden, the US provided $65.9 billion in military aid to Ukraine since Russia’s full-scale invasion in February 2022. Biden justified this support as crucial for US national security.
Trump, however, has questioned unconditional aid, previously suggesting that any future assistance should be structured as a loan and that Ukraine should negotiate with Russia.
A Deal in the Making?
Even before Trump took office in January 2025, US-Ukraine cooperation on minerals was already being discussed.
A memorandum of understanding (MoU) drafted under Biden’s administration aimed to:
✅ Promote US investment in Ukraine’s mining sector
✅ Encourage Ukraine to offer economic incentives
✅ Ensure responsible environmental and business practices
Ukraine already has a similar critical minerals partnership with the European Union, signed in 2021.
What Could a Trump-Ukraine Minerals Deal Look Like?
Adam Mycyk, a partner at the global law firm Dentons, sees a shift in approach:
“While the objective remains securing critical mineral supplies, Trump’s method seems more transactional.”
He suggests that Ukraine should prioritize processing and value creation within the country, ensuring long-term economic benefits instead of simply exporting raw materials.
Ukraine’s Strategic Mineral Wealth
Kyiv has long argued that its mineral deposits are a key reason why the West should support Ukraine—to prevent these resources from falling into Russian hands.
Zelensky’s “Victory Plan”
Ukrainian President Volodymyr Zelensky emphasized that the country’s critical resources—along with its energy and food production—are major targets for Russia.
“These resources are among Russia’s key objectives in this war. But for Ukraine, they represent an opportunity for economic growth,” Zelensky said in October.
Why the US Wants Ukraine’s Minerals
The US heavily depends on imports for the minerals needed in high-tech industries, with China dominating global supply chains.
? Of 50 critical minerals classified by the US Geological Survey (USGS):
- The US is 100% dependent on imports for 12 minerals
- The US relies on foreign sources for over 50% of 16 more minerals
? Ukraine holds deposits of 22 of these 50 critical minerals, including:
- Graphite
- Lithium
- Titanium
- Beryllium
- Uranium
Many of these reserves are in Russian-occupied territories, adding geopolitical stakes to their control.
China’s Grip on Global Mineral Markets
Trump’s comments come as tensions with China escalate over trade and mineral supply chains.
China dominates the market for rare earth elements and other key materials:
- 90% of rare earth processing globally (CSIS report)
- World’s largest producer of graphite and titanium
- Major processor of lithium
Beijing recently announced new export controls on over two dozen metal products, signaling its willingness to weaponize mineral exports in trade disputes.
The Bigger Picture: A Strategic Shift for the US & Ukraine
As demand for electric vehicles, clean energy, and advanced technology grows, securing alternative mineral sources is becoming a national security priority for the US.
Nataliya Katser-Buchkovska, co-founder of the Ukrainian Sustainable Investment Fund, sees mutual benefits in a US-Ukraine minerals deal:
“This is not only crucial for Ukraine’s post-war recovery, but it’s also a chance for the US to diversify its supply chains.”
Conclusion
With Trump pushing for a direct exchange—military aid in return for Ukraine’s minerals—the US-Ukraine partnership on critical resources could soon take a new, more transactional direction. However, Ukraine’s government will likely seek long-term economic gains rather than a simple resource trade-off.
The question remains: Will Trump’s approach strengthen Ukraine or make its recovery dependent on foreign extraction?
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