Trump's Ukraine deal challenges China's mineral dominance

express.co.uk

Donald Trump secured a £500 billion deal with Ukraine for mineral rights, aiming to reduce U.S. reliance on China's dominance in the global supply chain. The deal grants the U.S. access to Ukraine's mineral resources, seen as vital for American industrial independence, in exchange for military support. China currently controls a significant portion of the world's mineral mines and refining processes. However, extracting and utilizing Ukrainian minerals to rival China's established supply chain will be a costly and complex undertaking, potentially mirroring the challenges faced in Iraq's oil industry.


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