- Category
- Latest news
US Delegation Surveys Ukraine’s Titanium and Rare Earth Sites for Multibillion Investment Push
- Authors
![Photo of Vlad Litnarovych]( "Photo of Vlad Litnarovych")
A senior US delegation has inspected major mineral deposits in central Ukraine, marking a potential step toward multi-billion-dollar investment projects under the new Ukraine Reconstruction Investment Fund, Economy Minister Oleksiy Sobolev announced on September 15.
Sobolev, together with representatives from the US International Development Finance Corporation, visited the Birzulivsky Mining and Processing Plant and the Likarivske deposit in the Kirovohrad region.
The primary goal of Russia's invasion of Ukraine is to steal their resources and meet its broader strategy of market monopolization and price manipulation. Ukraine holds over 110 billion tons of proven mineral reserves across 100+ resource types. It is valued between $15 - $26… pic.twitter.com/ZkN1bEmPJc
— Anonymous (@YourAnonCentral) November 28, 2024
“We toured the Birzulivsky plant and the Likarivske deposit—two promising sites we are considering for the Fund’s project portfolio. These locations produce titanium ore and could eventually be developed for zirconium as well. There are also potential deposits of hafnium, a rare earth metal used in nuclear energy, aerospace, and beyond,” Sobolev wrote on Facebook.
He emphasized that Ukraine remains one of the world’s key titanium suppliers, a metal critical to defense, aerospace, and high-tech industries.
“Such site visits are crucial to fully assess the investment potential on the ground, taking into account economic growth, environmental responsibility, and the future of local communities,” Sobolev added.
The trip follows an agreement between Washington and Kyiv to establish the Ukraine Reconstruction Investment Fund, focused on unlocking foreign capital for the country’s postwar rebuilding.
The Ukrainian parliament ratified the deal on May 8, and President Volodymyr Zelenskyy signed it into law on May 12.
Under the agreement, all ownership and control of mineral resources remain with Ukraine. Resources within Ukrainian territory and waters are solely Ukrainian property, with the state deciding where and what to extract.
The fund will operate under a 50-50 joint management structure between Kyiv and Washington.
Earlier, Ukraine and the United States were reportedly planning to implement three investment projects related to the extraction of mineral resources. The projects are set to be launched within the next 18 months as part of a bilateral agreement on subsoil use.
