What potential impact could Ukraine's rare earth and critical minerals have on global supply chains and economic recovery?
Ukraine's mineral deposits hold tremendous potential wealth that could significantly impact global supply chains. Under a post-conflict development plan, value-added processing occurring within Ukraine in partnership with Western allies (EU and potentially the US) could create a robust economic recovery framework. Dr. Julie Klinger notes this could establish a 'fantastic and generative economic, political, and supply chain stability scenario.' However, it raises concerns about possible depressant effects on domestic production in countries like the US and Australia, where critical raw material industries have struggled to establish themselves over the past decade despite significant efforts.
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Post-Conflict Economic Recovery and Rare Earths in Ukraine
BBC News·8 months ago