Expert: Ukraine lacks valuable rare earth metals

Ukraine and the US are negotiating an economic agreement, in which rare earth metals have been described as an important part. But Ukraine lacks such natural resources, experts say. – There are simply no known deposits that are worth mining, says Magnus Ericsson, adjunct professor of mineral economics at Luleå University of Technology, to DN.

How much rare earth metals are there actually in Ukraine?

It is estimated that five percent of all critical raw materials in the world are located in Ukraine. Metals are essential for aerospace, military technology, computer chips and other high-tech applications.