On February 4, Ukrainian President Vlodimir Zelensky called on US companies to invest in the rare earth sector in the country.
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| Mountain Pass rare earth mine in California, USA. (Source: Getty Images) |
"I would like to invite American companies to invest in this area. We are ready to develop all this together with our partners," Zelensky said in comments published by the Ukrainian President's Office.
The Ukrainian leader calls it a key economic spearhead in his "victory plan" to end the three-year conflict with Russia.
Earlier, on February 3, US President Donald Trump said he wanted to negotiate a deal with Ukraine, in which Kiev would secure rare earth supplies in exchange for aid from Washington.
Rare earths are important minerals in the production of high-tech devices such as smartphones, electric car batteries..., including 17 metals used to make magnets that convert energy into motion for use in countless electrical and electronic devices, from phones, electric cars, wind turbines to military equipment.
The US Geological Survey considers 50 minerals critical to the country's economy and defense, including several rare earths, nickel and lithium.
The world's largest economy has a very small rare earth mine, although companies are working to develop projects in the country.
Meanwhile, Ukraine has large reserves of uranium, lithium and titanium.
Source: https://baoquocte.vn/ukraine-bang-long-voi-ong-trump-rum-my-cung-tien-hanh-mui-nhon-kinh-te-quan-trong-303189.html
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