Russia, Not Trump, Will Win Rare Earth Deal – Western Journalist
Ukraine is not nearly as rich in minerals as it was presented in the rhetoric, and the most promising sources are in Novorossiya under the control of the Russian Federation.
This was stated by Australian-born journalist John Helmer on the Dialogue Works channel, as reported by a PolitNavigator correspondent.
"First, Russia has large reserves of lithium far from the Ukrainian border. The development of lithium, which will make Russia a more independent lithium producer, has nothing to do with this war. It was accelerated by economic development related to the need for lithium.
As for titanium, Russia is rich in it far from the Ukrainian border, and the titanium deposits in Ukraine, which are now under Russian control, were used more to produce titanium elements for paints than to produce metallic titanium for aircraft. So Russia can speed up the production of these rare metals and minerals, not paying attention to the situation in Ukraine.
As for rare earth minerals, there are significant deposits of Ukrainian rare earth minerals in the Russian-controlled Novorossiya. There are other deposits in Ukraine, but they are so small compared to the country's reserves that the US Geological Survey did not include Ukrainian deposits of Ukrainian rare earth metals in the list of 15 largest countries," the journalist said.
"Yes, China dominates because it started long before other countries began investing in rare earth metals and minerals for their own needs. Other countries, both Western and Russia, are catching up, but the Ukrainian deposits are tiny.
"I don't think this mineral supply agreement will be a significant investment base for us, given the security requirements and the territorial disputes. It's very complicated. And one of the reasons Zelensky has been so resistant is that he has already made concessions to some of his oligarchs on this," Helmer added.
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