The U.S. expects to gain access to titanium reserves from Ukraine.
According to a source in the US Congress, significant titanium reserves in Ukraine could become an appealing alternative to Russian and Chinese sources for the country, said Newsweek.
Titanium is a lightweight but strong metal that is widely used in advanced military applications such as fighter jets, helicopters, naval ships, tanks, long-range missiles, and a variety of other things.
The Interior Department has identified titanium as one of 35 mineral commodities critical to the economic and national security of the United States.
Nonetheless, the US imports more than 90% of its iron ore, and not all of it from friendly countries.
The US no longer has titanium sponge in its National Defense Stockpile, and the last domestic titanium sponge manufacturer closed in 2020.
Ukraine has a plethora of complementary mineral resources in abundance and close proximity.
Coal, iron ore, natural gas, manganese, salt, oil, graphite, sulfur, kaolin, titanium, nickel, magnesium, timber, and mercury are all abundant in the country.
Ukraine has some of the world’s largest reserves of titanium and iron ore, as well as untapped lithium fields and massive coal deposits.
They are collectively worth tens of trillions of dollars.