Teaching activity
In the News Teaching Activity – the fight for critical mineral resources in Ukraine (Mar 2025)

6th March 2025
Ukraine holds vital critical minerals like lithium, titanium, and rare earths, crucial for green energy, technology, and military production.
The war in Ukraine has intensified the economic battle over critical minerals, with the U.S. seeking access to Ukraine’s vast deposits of lithium, titanium, graphite, and rare earth elements. These resources are essential for green energy, advanced technology, and military production, yet their scarcity underscores the fundamental economic problem. With China dominating global mineral processing, the U.S. views Ukraine as a strategic alternative, but geopolitical instability threatens supply chains. As demand surges, the minerals race highlights the intersection of war, economics, and global power struggles.
What are Ukraine’s critical minerals – and why does Trump want them? | Ukraine | The Guardian

1. Explain why scarcity of resources is the ‘fundamental economic problem’.
2. Using a production possibility diagram, show the effect of greater access to Ukraine’s critical and rare minerals for the USA economy.
3. Discuss the importance of Ukraine’s critical minerals in global supply chains.
Download our suggested answers for this resource here
You might also like
Unemployment - Main Causes of Unemployment
Study Notes

Economics of a Natural Resource Curse
11th June 2015

Disruptive technologies - 12 of the best
29th September 2015
Tragedy of the Commons Short Answers
Topic Videos
Supply side economics - how to shift the PPF
6th November 2017
Nature of Economics - Introductory Concepts
Study Notes
Production Possibility Curve - Shifts in the PPC
Topic Videos

The Economist looks at the problems of Big Tech
25th May 2021
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails