US scores Ukraine minerals for AI and EVs

Insider

Graphite for EV batteries. Neon gas for semiconductors. Titanium for fighter jets. You name it and Ukraine has it. That's why this week, the U.S. signed a major deal giving American companies access to Ukraine’s natural resources

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00:00Graphite for EV batteries, neon gas for semiconductors, titanium for fighter jets, you name it, Ukraine

00:08has it.

00:09That's why this week the U.S. signed a major deal giving American companies access to Ukraine's

00:15natural resources.

00:17And with China restricting exports on rare earth metals, which the U.S. depends on, this

00:23deal is even more important than ever.

00:26Treasury officials say it's part of a plan for lasting peace and prosperity, but it's

00:32also about keeping supply chains going, defense, and beating China in the race for tech dominance.

00:38The two countries were close to signing the minerals deal months ago, but a rocky meeting

00:44between Trump and Zelensky pushed it back.

00:47What's in it for Ukraine?

00:49The deal provides a lifeline for the economy as the country struggles with war, three years

00:54after Russia's invasion.

00:56The U.S. has framed the deal as an essential one if Ukraine is to continue receiving its

01:00military assistance.

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