According to Shmyhal, Ukraine ranks first in Europe in terms of uranium ore reserves, which enables it to meet its own energy needs and export uranium—especially given the rising demand for nuclear energy in Europe.
Ukraine also has the largest lithium reserves in Europe, and its global usage is steadily increasing, the Prime Minister added. While 460,000 metric tons of lithium carbonate were consumed in 2021, global demand is projected to reach 6 million metric tons by 2030, Shmyhal emphasized. He stated that Ukraine is ready to establish joint ventures in this sector, which "will undoubtedly lead to a strategic advantage for the EU."
Furthermore, Ukraine is among the top 10 countries with proven titanium ore reserves, with only 10% of these currently being developed, Shmyhal noted. In particular, Ukraine could replace Russian titanium in the European market, contributing to the development of both the EU's civilian industry and advanced military technologies, the Prime Minister wrote.
"Not to mention that, unlike the Russian partnership, which is based on blackmail and deceit, we can be relied upon," he pointed out.
Shmyhal also highlighted that the project for Ukraine's recovery could become a crucial growth factor for the entire European economy and the consolidation of the EU.
He clarified that this involves hundreds of billions of dollars that could engage European businesses, as well as the creation of production facilities and jobs both in Ukraine and in EU countries.
"Anyone who sees their prospects will want to take part in this," the head of Ukraine's Cabinet concluded.