The Ukraine Mineral Deal Might Help The U.S. Break China’s Monopoly
The post The Ukraine Mineral Deal Might Help The U.S. Break China’s Monopoly appeared on BitcoinEthereumNews.com. VATICAN CITY, VATICAN – APRIL 26: The natural resource agreement between the U.S. and Ukraine comes … More after months of negotiations and changes. (Photo by Office of the President of Ukraine via Getty Images) Office of the President of Ukraine via Getty Images The United States and Ukraine signed a long-awaited deal on April 30th to give the U.S. priority access to Ukrainian critical minerals and other natural resources. After months of acrimonious disputes and negotiations over a ceasefire/peace between Russia and Ukraine, U.S. Treasury Secretary Scott Bessent is now touting the agreement as a signal to Russia that “the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine,” NBC reported. If that is the case, the signed agreement may be a step in the right direction. But consistent American military and diplomatic aid, in coordination with European allies, will be necessary to clinch a sustainable solution to the 11-year-old war. Signing the agreement may incentivize Ukraine and Russia to negotiate peace and give credence to President Donald J. Trump’s call to recoup the value (in minerals) of past American assistance to Kyiv. However, all of this still isn’t a panacea capable of solving Ukraine’s security problems. Nor is it an instant solution to America’s need to develop a supply stream for critical minerals independent of Beijing, as China currently has a near monopoly on the global trade of critical minerals. And yet, if the right peace agreement can be negotiated, it could help with both. The Importance of Critical Minerals The United States relies on critical minerals for several important industries, including defense, clean energy, and health technology. The vast majority of these materials, however, are under China’s control, giving Beijing undue influence over key sectors in the American economy. China…
The post The Ukraine Mineral Deal Might Help The U.S. Break China’s Monopoly appeared on BitcoinEthereumNews.com.
VATICAN CITY, VATICAN – APRIL 26: The natural resource agreement between the U.S. and Ukraine comes … More after months of negotiations and changes. (Photo by Office of the President of Ukraine via Getty Images) Office of the President of Ukraine via Getty Images The United States and Ukraine signed a long-awaited deal on April 30th to give the U.S. priority access to Ukrainian critical minerals and other natural resources. After months of acrimonious disputes and negotiations over a ceasefire/peace between Russia and Ukraine, U.S. Treasury Secretary Scott Bessent is now touting the agreement as a signal to Russia that “the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine,” NBC reported. If that is the case, the signed agreement may be a step in the right direction. But consistent American military and diplomatic aid, in coordination with European allies, will be necessary to clinch a sustainable solution to the 11-year-old war. Signing the agreement may incentivize Ukraine and Russia to negotiate peace and give credence to President Donald J. Trump’s call to recoup the value (in minerals) of past American assistance to Kyiv. However, all of this still isn’t a panacea capable of solving Ukraine’s security problems. Nor is it an instant solution to America’s need to develop a supply stream for critical minerals independent of Beijing, as China currently has a near monopoly on the global trade of critical minerals. And yet, if the right peace agreement can be negotiated, it could help with both. The Importance of Critical Minerals The United States relies on critical minerals for several important industries, including defense, clean energy, and health technology. The vast majority of these materials, however, are under China’s control, giving Beijing undue influence over key sectors in the American economy. China…
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