The Valuation of Ukraine’s Mineral Resources Could Reach $15 Trillion

According to the statement by the Executive Director of the National Association of Mining Industry of Ukraine, Ksenia Orynchak, the value of the country’s mineral resources could amount to up to $15 trillion. However, these figures are approximate and depend on a number of factors, including global mineral prices, extraction volumes, and development costs of deposits.

This is reported by AgroReview

The process from initial geological surveys to the start of industrial extraction can take from 7 to 20 years, depending on the type of mineral resources. Furthermore, the mining industry is extremely capital-intensive.

Orynchak noted that while Ukraine cannot compete with Russia in terms of mineral reserves, it can offer the United States a number of strategic advantages.

She pointed out that the sanctions imposed on Russia create significant legal, logistical, and political challenges for American companies, as well as unpredictability in the country’s economic policy. In contrast, Ukraine possesses substantial reserves of titanium, lithium, nickel, and rare earth elements—resources necessary for the high-tech industry and defense sector of the United States.

According to Orynchak, the Ukrainian mining business has the potential to develop according to Western standards, as the country demonstrates political and economic stability.