Ukraine’s $15 Trillion Mineral Wealth Is Key to the Green Future and Electric Cars

Known as the "breadbasket of the world" for its agricultural prowess, Ukraine remains among the top ten global exporters of agricultural goods. It also boasts massive coal and iron ore reserves worth trillions of dollars, essential for the future economy. While we covered the volume of mineral deposits in detail in a previous article, here we focus on those crucial for the so-called green transition: the development of renewable energy and the electric vehicle industry.

Manganese ore

Ukraine is a global leader in manganese ore deposits. It ranks first in Europe and second worldwide for the volume of explored reserves, with 2.2 billion tons of proven reserves currently valued at over $10 billion. The deposits are located in Ukraine’s center and South, as well as in the Russian-occupied Crimea.

Lithium

Lithium is one of the most sought-after materials for battery production. Ukraine has discovered reserves of over 33 million tons of lithium, valued at nearly $40 billion. At least four lithium deposits are known, located in Ukraine’s East and center. One of these is in the Donetsk region, which has been targeted by the Russian military, further confirming Russia’s interest in seizing these resources.

Copper

Ukraine’s copper ore deposits may total up to 30 million tons, with an estimated value of up to $5 billion. While there are no large discovered deposits as of yet, preliminary studies point to several significant areas, including Volyn, Rivne, and Donetsk region, and Ukraine’s center.

Other minerals

Ukraine is also rich in other valuable minerals that could be of interest to investors, including:

• Graphite ores: approximately 250 million tons, worth over $30 billion.

• Lead-zinc ores: over 20 million tons, valued at $9 billion.

• Germanium: valued at $100 billion.

The world hasn't abandoned nuclear energy; it is poised to invest in it again. Ukraine holds $30 billion worth of uranium deposits, with a staggering 270,000 tons in reserve.

Investments

Ukraine's proximity to European investors and customers, combined with its well-developed maritime logistics system and strong European ties, makes it an attractive investment hub. The country also offers clear regulations for investors from the US, Canada, and Asia. Thousands of foreign companies already operate in Ukraine, spanning industries from food production to mining. Open to foreign investment, Ukraine sees these projects as crucial to its recovery after the devastating full-scale invasion.

Ukraine’s mineral deposits could become a new source of supply for American and European manufacturers, effectively diversifying suppliers.