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Strategic Raw Materials in Ukraine: Opportunities for Strengthening EU Supply Chains?

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  • Isabella Gourevich

Abstract

Key MessagesUkraine possesses confirmed reserves for two-thirds of the 34 raw materials classified as critical by the EU. Despite this geological richness, current extraction levels remain limited.The EU faces lower supply risks for raw materials currently mined in Ukraine than for those that remain part of the country’s untapped resource potential.Ukraine currently plays a minor role in EU raw material value chains. However, it is a potential future key partner in enhancing the EU’s resource security.Realizing Ukraine’s potential as a raw material supplier requires more than mining. Significant investment in downstream capabilities is essential to create integrated value chains.The EU must pursue a multi-pronged strategy: deepen partnerships with resource-rich and politically stable countries, expand domestic refining capacities, and accelerate recycling, substitution, and circular economy initiatives.

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  • Isabella Gourevich, 2025. "Strategic Raw Materials in Ukraine: Opportunities for Strengthening EU Supply Chains?," EconPol Policy Brief 72, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    • Handle: RePEc:ces:econpb:_72
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    File URL: https://www.ifo.de/DocDL/EconPol-PolicyBrief_72-Strategic-Raw-Materials-Ukraine.pdf
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