Ukraine and the US launch first joint projects in the field of strategic minerals

Photo: Sviridenko/Facebook

Ukraine and the United States have agreed on the first investment projects in the areas of strategically important minerals such as graphite, lithium, and titanium. This was announced by First Vice Prime Minister of Ukraine Yulia Svyrydenko following a meeting with U.S. Treasury Secretary Scott Bessent.

The projects will be implemented within the framework of the US-Ukraine Reconstruction Investment Fund, which is expected to start operating in July 2025.

“These projects are strategically important for the energy transition and defence capability, as well as mutually beneficial for both countries,” Svyrydenko said.

Which has already been agreed:

  • Launch of the first projects in graffiti, lithium, and titanium
  • Formation of the Fund’s management structures
  • Project selection principles and decision-making committees

Investment protection and new initiatives:

  • The instruments of military risk insurance, which are key to attracting American companies, are discussed.
  • It has been proposed to expand the Fund’s mandate to support not only critical minerals but also the Ukrainian defence industry, an initiative that the US views positively.

NEWS