Before Russia invaded Ukraine in February 2022, Ukraine, home to approximately 500,000 tons of high-quality lithium and vast quantities of rare earth elements, was poised to be a key player in the global transition to green technology. But as Russia has seized territory in Ukraine’s east and south, the future of the country’s critical raw materials has been thrown into question.
Even before the war, Ukraine was at least 10 years away from reaping the financial rewards for some of its in-demand raw materials, vital ingredients in many products from iPhones to fighter jets. Most rare earths are, in fact,
