Tag: magnets

Trump is negotiating with BOTH Russia AND Ukraine for Donbass’ minerals.

Tina Marie (Ms. Cat)

Ukraine expected to sign a deal with Trump giving U.S. access to its rare minerals—but almost half are impossible to get to

Ukraine is nearing a deal to grant the U.S. access to its rare minerals in exchange for continued political and, perhaps, military support, though negotiations face challenges since 40% of these resources are in Russian-occupied territory. With Trump pushing for access to these minerals while also engaging in talks with Russia, Ukraine faces uncertainty over its strategic partnerships as it navigates its war effort and economic future.

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That being said, information about what materials Ukraine has and where they are located presents snags for negotiations. Namely, Ukraine can’t promise access to all its materials when a reported 40% of the minerals are under land currently occupied by Russia.

On top of that, the main motivation for Zelensky agreeing to swap minerals is likely to be in return for military aid from America—which Ukrainian officials say has not been explicitly penciled into the draft.

Despite this, yesterday sources in Kyiv confirmed the terms to share materials—including oil and gas—are almost agreed after months of negotiation.

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Europe Looks To Reduce Dependence On China’s Critical Minerals

Tina Marie (Ms. Cat)

Europe Looks To Reduce Dependence On China’s Critical Minerals

China is the dominant player on the markets for the materials used in solar panels, batteries, and magnets. European countries have recently ramped up efforts to establish local supply chains and diversify imports away from one dominant supplier, especially if this supplier is Russian ally China.

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According to the European Commission, China provides 98% of the EU’s supply of rare earth elements (REE).

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China could reduce exports of critical materials, as authorities said in the latest five-year plan that the country would cut overseas shipments to meet the rise in demand domestically, Deutsche Welle noted earlier this year.

Germany’s economy, Europe’s biggest, became more dependent on China during the first half of 2022, according to a study by the German Economic Institute (IW) seen by Reuters.