What is the significance of Ukraine's rare earth mineral resources?

Ukraine possesses an estimated $16 trillion worth of rare earth minerals, which are essential components in technology with microchips. As Viktor Nescarovsky, museum director and geological sciences expert, explains, 'Anything with a microchip needs a rare earth mineral element,' highlighting their critical importance in modern electronics and technology manufacturing. These vast untapped reserves position Ukraine as a potentially significant player in the global supply chain for these strategic resources. The immense value of these deposits has geopolitical implications, especially given ongoing conflicts and occupation of some Ukrainian territories containing these valuable minerals.