How could Ukraine's rare earth metals impact global power dynamics?

Ukraine's rare earth metals represent a significant geopolitical asset, with deposits valued at $14.8 trillion constituting 5% of global supplies. The US views these resources as a potential game-changer to reduce China's market dominance in critical minerals essential for technology and defense industries. However, developing these resources faces substantial challenges. The ongoing war creates investment uncertainty and logistical difficulties, while establishing mines and supply chains typically requires years of development. Despite these obstacles, Ukraine's mineral wealth could fundamentally reshape global supply dynamics and national security calculations if successfully leveraged.