Ukraine claims to hold nearly $15 trillion worth of mineral resources, making it one of the most resource-rich nations in Europe. The country is home to the continent’s largest reserves of lithium, titanium and uranium.
Notably, the Trump administration has shown interest in Ukraine’s rare earth reserves.
In this interview with Mining.com host Devan Murugan, Roman Opimakh, former director general of the Ukrainian Geological Survey, explains how mineral exploration and investment from the EU, UK, and U.S. could serve as Ukraine’s best “iron dome” and contribute to peace in the country.
However, a portion of Ukraine’s mineral resources are located in Russian-occupied territories.
Ukraine ranks among the top five for titanium rutile reserves, according to the Ukrainian Geological Survey. Titanium is a critical raw material for industries such as aerospace, defense, chemicals and pigment fabrication.
These reserves could meet U.S. and EU metallic titanium demand for over 25 years, the expert said.
Watch below the full interview:
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