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Ukraine has the second-biggest known gas reserves in Europe, apart from Russia's gas reserves in Asia, although largely unexploited.
In terms of natural gas, the country has around 1.09 trillion cubic meters, which is an incredible amount. Picture this, it's sufficient to be stretched around the earth several times. This is second only to Norway's known resources of 1.53 trillion cubic meters.
Ukraine's breakaway territories in the Donbass region have abundant natural resources and, thus, make the area economically very feasible for the future. Lithium fields in Ukraine are concentrated in Zaporizhzhia oblast (Kruta Balka area), Donetsk (Shevchenkivske field), and Kirovohrad (Polokhivske field, Dobra area).
However, no mining work is happening in the area currently. The Dobra and Donetsk mines were up for grabs and there has been cut-throat competition between Chinese Chengxin Lithium and Australia-listed European Lithium, and both the companies want a foothold in the European lithium industry.
Ukraine was the fifth largest exporter of iron ore in the world in 2019 and in the same year, iron ore was the third most-exported product in the country.
Some estimates indicate that up to 20 per cent of the proven world reserves of titanium ores are situated in Ukraine.
Ukraine has the second-biggest known gas reserves in Europe, apart from Russia's gas reserves in Asia, although largely unexploited.
In terms of natural gas, the country has around 1.09 trillion cubic meters, which is an incredible amount. Picture this, it's sufficient to be stretched around the earth several times. This is second only to Norway's known resources of 1.53 trillion cubic meters.
Ukraine's breakaway territories in the Donbass region have abundant natural resources and, thus, make the area economically very feasible for the future. Lithium fields in Ukraine are concentrated in Zaporizhzhia oblast (Kruta Balka area), Donetsk (Shevchenkivske field), and Kirovohrad (Polokhivske field, Dobra area).
However, no mining work is happening in the area currently. The Dobra and Donetsk mines were up for grabs and there has been cut-throat competition between Chinese Chengxin Lithium and Australia-listed European Lithium, and both the companies want a foothold in the European lithium industry.
Ukraine was the fifth largest exporter of iron ore in the world in 2019 and in the same year, iron ore was the third most-exported product in the country.
Some estimates indicate that up to 20 per cent of the proven world reserves of titanium ores are situated in Ukraine.
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