nuclear-news

Britain wants Ukraine’s minerals too

It’s not just Trump. The UK views critical minerals as a government priority and wants to open up Ukraine’s vast resources to British corporations.

MARK CURTIS, 11 March 2025,
more https://www.declassifieduk.org/britain-wants-ukraines-minerals-too/?utm_source=Email&utm_medium=Button&utm_campaign=ICYMI&utm_content=Button

When UK officials signed a 100 year partnership with Ukraine in mid-January, they claimed to be Ukraine’s “preferred partner” in developing the country’s “critical minerals strategy”.

Yet within a month, Donald Trump had presented a proposal to Ukraine’s President Volodymr Zelensky to access the country’s vast mineral resources as “compensation” for US support to Ukraine in the war against Russia.

Whitehall was none too pleased about Washington muscling in. 

When foreign secretary David Lammy met Zelensky in Kyiv last month he reportedly raised the issue of minerals, “a sign that Starmer’s government is still keen to get access to Ukraine’s riches”, the iPaper reported. 

Lammy earlier said, in a speech last year: “Look around the world. Countries are scrambling to secure critical minerals, just as great powers once raced to control oil”.

The UK foreign secretary was correct, but Britain itself is one of those powers, and Ukraine is one of the major countries UK officials – as well as the Trump administration – have their eyes on. 

It’s no surprise why. Ukraine has around 20,000 mineral deposits covering 116 types of minerals such as beryllium, manganese, gallium, uranium, zirconium, rare earth metals, and nickel. 

The country, whose economy has been devastated by Russia’s brutal war, also possesses one of the world’s largest reserves of graphite, the largest titanium reserves in Europe, and a third of the continent’s lithium deposits. 

These resources are key for industries such as military production, high tech, aerospace, and green energy. 

In recent years, the Ukrainian government has sought to attract foreign investment to develop its critical mineral resources and signed strategic partnerships and held investment fora to showcase its mining opportunities. 

The country has also begun auctioning exploration permits for minerals such as lithium, copper, cobalt and nickel, offering lucrative investment opportunities. 

Media narratives largely parrot the UK government’s interests in Ukraine being about standing up to aggression. But Whitehall has in the past few years stepped up its interest in accessing the world’s critical minerals, not least in Ukraine. www.liberalsagainstnuclear.au

March 19, 2025 - Posted by Christina Macpherson | politics international, UK, Ukraine