Trump Says 'Aid to Ukraine Should Have a Price'... Mentions Rare Earth Trade
- President Trump stated that he wants a rare earth trade as a price for U.S. aid to Ukraine.
- Ukraine has valuable rare earths, which could be an important trade asset due to their economic value.
- President Zelensky plans to strengthen alliances with the West by utilizing these resources.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
President Donald Trump of the United States has shown interest in Ukrainian rare earths. The implication is that there should be a price for the financial support the U.S. provides to Ukraine.
According to Reuters and other sources on the 3rd (local time), President Trump, speaking with reporters at the White House, said, "The United States has provided nearly $300 billion (about 440 trillion won) to Ukraine," and "I want something in return for that."
He stated, "Ukraine has very valuable rare earths," and "We are considering a deal to ensure support for Ukraine and receive rare earths and other resources from Ukraine."
He added that he heard Ukraine is also favorable to such an agreement.
Regarding Russia and Ukraine, President Trump emphasized, "We have made a lot of progress," and "Let's see what happens. We will stop this foolish war."
U.S. Senator Lindsey Graham claimed last November that the mineral value of rare earths buried in Ukraine amounts to $2 trillion to $7 trillion, approximately 1,227 trillion won in our currency.
Ukraine is known to have significant deposits of graphite, uranium, titanium, and lithium.
President Volodymyr Zelensky of Ukraine also sees the potential to strengthen alliances with the West by utilizing rare earth mineral resources. Zelensky's victory plan presented to Western allies includes an agreement to protect important underground resources, jointly invest, and use economic potential with allies.
Kim Daeyoung, Hankyung.com reporter kdy@hankyung.com

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.PiCK News
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