Free Republic

Ukraine doesn’t actually have any commercial deposits of the rare earths that both Washington and Kyiv have hyped up. The country does not currently produce rare earths, which are a type of critical mineral, nor has it produced rare earths in recent decades. Kyiv only has Soviet-era rare-earth geological mapping, and the ongoing Russia-Ukraine war is certain to complicate any mining or processing efforts—all of which require years of hefty investments, even in countries that are not in war. “Mining is a long-term effort—so the United States may not yield benefits for another 20 years,” a report by the Center...

Nearly a decade after its inception, momentum behind China’s sweeping Belt and Road Initiative (BRI) appears to be slowing as lending slumps and projects stall—forcing Chinese President Xi Jinping to again rethink a floundering initiative that he once hailed as his “project of the century.” After doling out hundreds of billions of dollars, experts say China’s lending for BRI projects has plummeted, largely a casualty of the COVID-19 pandemic and the country’s own economic slowdown. Support has also waned as partner countries drown in debt and fractures emerge—literally—in projects, fueling uncertainty about the future of the sprawling initiative. In 2022,...

As Russian gas cutoffs upend European energy security, the continent is struggling to cope with what experts say is one of its worst-ever energy crises—and it could still get much worse. For months, European leaders have been haunted by the prospect of losing Russia’s natural gas supply, which accounts for some 40 percent of European imports and has been a crucial energy lifeline for the continent. That nightmare is now becoming a painful reality as Moscow slashes its flows in retaliation for Europe’s support for Ukraine, dramatically increasing energy prices and forcing many countries to resort to emergency plans, and...