The Kremlin announces the start of negotiations with the United States on rare earth metals
31 March 11:28
The aggressor country of Russia and the United States of America (USA) have begun discussions on rare earth metal projects. Some of the companies have already “expressed interest”. This was stated by the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev in an interview with the Russian newspaper Izvestia, Komersant ukrainskyi reports
It is expected that a new meeting between representatives of the Russian Federation and the United States in Riyadh may take place in mid-April. It is known that the parties discuss not only political issues but also economic cooperation.
“Rare earth metals are an important area for cooperation, and we have certainly started discussions about various rare earth metals and projects in Russia,” he said.
In February, US President Donald Trump said he supported the idea of concluding an agreement with Moscow on access to rare earth metals. According to him, Washington is interested in both “huge reserves” of such metals and other “very valuable resources” of Russia.
In February, Russian President Vladimir Putin said that Russia was ready to offer American government agencies and companies cooperation in rare earth metals mining projects.
It should be noted that Russia has significant reserves of rare earth metals, which are critical in the modern technology industry. The total reserves of all rare metals in the Russian Federation, according to the Ministry of Natural Resources, amount to 658 million tons, including 28.5 million tons of rare earths. However, the share of our country’s production in the global market does not exceed 1%, and there is virtually no processing of such metals.
At the same time, the terrorist country lags behind the world leaders in terms of their production and processing.
How are negotiations between Russia and the United States progressing?
Russian media note that interest in economic cooperation can stimulate political dialogue between Russia and the United States. Thus, according to NBC, Donald Trump is planning to have a new phone conversation with Vladimir Putin soon. In addition, a new round of consultations between Russia and the United States on resolving the conflict in Ukraine may take place in Riyadh, Saudi Arabia, in mid-April, according to media reports.
The last time representatives of the parties met in the Saudi capital on March 24, the talks lasted more than 12 hours. Russia and the United States agreed to ensure the safety of navigation in the Black Sea, not to use force, and to prevent the use of commercial vessels for military purposes.
In response, Washington pledged to help restore access to the world market for Russian agricultural and fertilizer exports. Russian media point out that this requires lifting sanctions restrictions on Rosselkhozbank and other financial organizations involved in international food trade operations. The White House is also considering the opposite scenario – the introduction of a secondary duty on oil exports from Russia in the absence of an agreement to end Russia’s war against Ukraine.
Follow us on Telegram: the main news in brief
Agreement between the US and Ukraine on rare earth metals: what is known about it
In February 2025, the United States and Ukraine are actively negotiating an agreement that would give the United States access to Ukraine’s critical minerals, such as rare earth elements, titanium, and lithium. This agreement is seen as a way to compensate for the significant military and financial assistance provided by the United States to Ukraine since the beginning of Russia’s full-scale invasion of Ukraine.
Key aspects of the proposed deal
US share in Ukrainian resources. The preliminary conditions suggest that the United States will receive up to 50% of the revenues from the extraction and sale of Ukrainian minerals and natural resources as compensation for the military support provided earlier. This includes not only rare earth elements, but also other resources such as uranium, oil and gas.
Amount of compensation. The amount discussed is $500 billion, which Ukraine should provide to the United States in the form of revenues from its natural resources. However, Ukrainian President Volodymyr Zelenskyy disputes this figure, claiming that the real amount of aid received is about $100 billion, and insists that grants should not be considered a debt.
Ownership and control. According to the draft agreement, US companies must own a 50% stake in Ukrainian rare earth deposits. In addition, the United States will have the right to revenues even from those territories that Ukraine may liberate from Russian occupation in the future.
Lack of security guarantees. The current terms of the agreement do not provide Ukraine with any security guarantees or further military support from the United States. This is a concern for the Ukrainian side given the ongoing aggression by Russia.
Reaction and current status of negotiations
President of Ukraine Volodymyr Zelenskyy has expressed serious concerns about the proposed terms, stating that he will not sign an agreement that will burden future generations of Ukrainians with significant payments. He emphasized the need for clear security guarantees and fairer financial terms.
Despite the tensions in the negotiations, both sides continue to engage in dialogue. U.S. officials are optimistic that a deal will be reached soon, pointing to a possible visit by President Zelenskyy to Washington to sign the agreement in the coming weeks.
European leaders are already expressing concern about possible concessions from Ukraine in exchange for financial aid, especially in the context of the lack of security guarantees. French President Emmanuel Macron and British Prime Minister Keir Starmer are planning to visit Washington to discuss these issues and express support for Ukraine.
What is known about rare earth metals in Ukraine?
Rare earth metals are a group of 17 chemical elements that include lanthanides, as well as scandium and yttrium. They have unique physical and chemical properties that make them indispensable in many high-tech industries, such as electronics, green energy, medicine, and optics. In particular, rare earth elements are used in the production of smartphones, computers, medical equipment, lasers, and to create strong and lightweight alloys.
Ukraine has significant reserves of rare earth metals and other critical resources. A significant amount of them are currently located in the occupied territories or in areas of active hostilities. According to MiningWorld, the country has unique deposits of beryllium, zirconium, tantalum, and a complex of phosphorus rare earth and rare metal ores. Ukraine’s proven lithium reserves are the largest in Europe. In addition, Ukraine is one of the richest European countries in terms of rare-metal reserves, and the value of these deposits is estimated at up to USD 12 trillion.
Despite its considerable potential, Ukraine has not yet started mining rare earth metals. The country imports about 100 tons of rare earth metals per year.
In total, several hundred points of rare earth metal concentrations have been identified on the territory of Ukraine that require further study. Most of them are located within the Ukrainian Shield, which can be considered the largest rare earth metallogenic province in Europe.
Utilizing this potential can contribute to the country’s economic development and strengthen its position in the global high-tech market.
Follow us on Telegram: the main news in a nutshell
Where and how much of these metals are found in Ukraine
According to Forbes (2023), the total value of all mineral resources in Ukraine is up to $15 trillion. More than 70% of this amount is accounted for by minerals in three regions – Donetsk, Dnipro, and Luhansk. Mostly coal, salt, and ore deposits are located there. According to estimates by SecDev, a Canadian geopolitical risk assessment firm , Ukraine has more minerals in 2022, with a total value of $26 trillion (and the energy, metals, and minerals reserves seized by Russia are estimated at nearly $12.5 trillion).
Ukraine also has about 2% of the world’s reserves (500,000 tons) of lithium. Its deposits are located in the Krutaya Balka area in Donetsk region (occupied) and near the village of Shevchenko (also in Donetsk region, Pokrovsk direction, where there are currently fighting).
