Zelensky admits Ukraine doesn’t control rare-earths Trump wants
Ukraine’s supporters must help push Russian forces off mineral-rich territories before they can invest in rare-earth resources, Vladimir Zelensky has said.
US President Donald Trump stated on Monday that Ukraine must ensure a return on “America’s $300 billion” in aid by trading it for rare-earth minerals. Speaking at the White House, shortly after freezing all USAID projects globally, Trump called for “equalization,” hinting at a deal involving the resources.
“We have enough rare-earth metals, but Russia has occupied our lands since 2014,” Zelensky retorted in Kiev on Tuesday. “We are open to them being developed by our partners who help us defend the land, push back the enemy with their weapons, presence, and sanctions. And this is absolutely fair.”
Rare-earth minerals – 17 elements valued for their magnetic and electrochemical properties – are used in smartphones, EV batteries, and cancer treatment.
Zelensky claimed further that he has raised Ukraine’s mineral wealth with Trump in past meetings, warning that if Russia controls the resources, companies from other nations will exploit them.
Before the 2022 escalation of the Ukraine conflict, the country had Europe’s largest reserves of titanium and lithium, which are not rare-earths, but are critical for military industries, batteries, and capacitors. Around $7 trillion of Ukraine’s total mineral wealth is in its former Donbass regions of Donetsk and Lugansk, according to Forbes.
Most of these territories came under Russian control after Donetsk and Lugansk voted to join Russia in 2022. Both declared independence in 2014 from Ukraine after the Western-backed Maidan coup in Kiev.
A 2024 World Economic Forum report has highlighted Ukraine’s potential as a key supplier of raw materials vital for defense, aerospace, and green energy. Ukraine’s total mineral wealth was estimated at over $14.8 trillion in 2023, according to Forbes.
Last week, Trump suspended all USAID programs, a US agency that funds global projects through humanitarian aid. The move halted numerous initiatives in Ukraine.
Russian President Vladimir Putin cited the protection of people in Donbass as a key reason for launching the military operation in Ukraine. Resources in these territories are a major factor in the support of NATO member states for Kiev, Russian Foreign Minister Sergey Lavrov claimed in October 2024. “Their discourse revolves around territory and resources that they require in America,” he said. “Our concern is not territories, but people.”
