Friday, March 14, 2025
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Trump’s Minerals ‘Deal of the Century’ And its Unanticipated Ripple Effect

Since becoming president, Trump has pulled the United States out of the Paris Climate Agreement, which is regarded as the most significant global climate agreement. According to reports, he has also eliminated national electric vehicle targets and barred US scientists from participating in global climate research. He also called his predecessor’s efforts to create new green technology a “green new scam.”

Nevertheless, Trump has been keen to reach an agreement with the Ukrainian president on vital minerals, despite his past on climate issues. Additionally, he has developed a keen interest in Canada and Greenland, two countries abundant in critical minerals.

Since taking office, Trump has made critical mineral procurement a top priority. Intriguingly, these minerals are also used extensively in the production of green technologies, despite their critical role in sectors like aerospace and defense. Could Trump’s emphasis on acquiring these minerals, then, have a cascading effect and help the US realize its full potential in green technology?

The significance of vital minerals in the green transition is something that Trump’s right-hand man is more aware of than most. Elon Musk’s businesses Space X and Tesla mostly depend on vital minerals like nickel (for rockets), lithium (for batteries), and graphite (for electric cars).

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Friday, March 14, 2025

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