The expert estimated reserves of rare minerals in Ukraine


There are no large reserves of rare earth metals on Ukraine, it takes a lot of time and resources to extract them, industrial expert Leonid Khazanov told Izvestia.
"There are no large reserves of rare earth metals in Ukraine. For example, there is scandium in several deposits, but it can only be extracted along the way. In order to involve any field in development, it is necessary to carry out additional exploration, recalculate reserves, make a development project and attract financing, all this takes a long time," Khazanov said.
Earlier it became known that the European Union (EU) offered Kiev to conclude an agreement on "critically important materials." According to European Commissioner for Industrial Strategy Stefan Sejournay, Ukraine "can provide the EU with 21 of the 30 most important materials."
Read more in the exclusive Izvestia article:
Ore reserves: The EU is losing in the race for rare earth metals
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