by R. Stone, July 31, 2025 in Science
In late June, Russian forces advanced in the Donetsk region of eastern Ukraine, seizing another few square kilometers of ground—and a significant deposit of lithium. The loss adds to a growing tally of Ukraine’s geological riches that have fallen into enemy hands. It is also one more blow to a landmark agreement that the United States and Ukraine had signed weeks earlier, enabling U.S. firms to gain access to the nation’s mineral wealth.
Under the 30 April deal, the U.S. and Ukraine pledged to establish an investment fund to rebuild Ukraine with revenues from mineral, oil, and natural gas projects. Ukraine will maintain ownership of its natural resources, while future U.S. military aid would be deemed a contribution to the fund matched by revenue from Ukraine’s mineral wealth. But with war raging, implementation largely must wait, says Anatolii Bulat, director of the M.S. Poliakov Institute of Geotechnical Mechanics (IGTM), which is tracking the fate of the country’s mineral deposits. Without lasting peace in Ukraine or a U.S. pledge to help defend Ukraine’s mineral assets, the security situation in the country will be too unstable for a long-term investment in a mine and its supporting infrastructure, the Center for Strategic and International Studies argued in a recent briefing. It noted that such projects take an average of 18 years to complete and can cost $1 billion.
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