SYDNEY -- Developing rare earth projects in Ukraine in the foreseeable future is complete "fiction," with hurdles ranging from uncertainty over reserves to a lack of processing capacity outside of China, industry veterans say, with one expert describing U.S. President Donald Trump's plan to recoup war aid by exploiting the partially occupied country's natural resources as "absurd."
Commodities
'Makes no sense': Industry doubts Ukraine's rare earths prospects
Even in peaceful nations, China's grip on critical minerals stifles projects
Donald Trump and Ukraine's President Volodymyr Zelenskyy meet in New York in September 2024. The two are set to meet in the White House on Feb. 28 to seal a critical minerals deal. © Reuters
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