US President Donald Trump announced plans to enhance domestic production of critical minerals, particularly rare earths, by invoking wartime powers. This move includes signing a deal with Ukraine to access its valuable natural resources. During an address, Trump highlighted the importance of these minerals in technology manufacturing and signed an executive order directing agencies to identify mining opportunities. Despite prior tensions with Ukrainian President Zelenskyy, agreements are being pushed forward to solidify US access to vital resources, emphasizing a strategic approach to bolster national security and economic stability amid the ongoing conflict in Ukraine.
Trump stated, 'One of the things we are doing is signing a deal very shortly with respect to rare earths with Ukraine. They have tremendous value in rare earths, and we appreciate that.'
Trump emphasized the significance of rare earth minerals: 'These materials are essential for electronic components, batteries, and various highlights of advanced technology driving our economy forward.'
He mentioned the use of the Defense Production Act, indicating, 'This law enables us to mobilize resources effectively to secure our national interests and enhance domestic production capabilities.'
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