The US and Ukraine have signed a deal to allow US companies access to vital minerals such as graphite and lithium found in Ukraine. While the agreement is intended to diversify supply chains and support industries like EV battery production, experts indicate its practical benefits will be slow to materialize due to ongoing conflict in Ukraine, security risks, and insufficient investments. Some analysts view it as largely symbolic, aimed at engaging US interest while providing Ukraine with essential economic support amidst reconstruction efforts.
This is almost entirely about politics and keeping Washington interested. With very little there to lure in serious investment or production that could materially bolster supply chains.
The deal is more smoke than fire when it comes to reshaping US critical mineral supply chains, but it provides Ukraine with an important lifeline.
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