Tag: natural resources

The United States promotes an alliance with Argentina in artificial intelligence, nuclear energy, and critical minerals to counter China’s influence in the region

Artificial intelligence is at the center of great-power competition. The United States is promoting “American AI” through initiatives such as the Partnership for Global Inclusivity on AI (PGIAI), launched with industry partners to expand AI access and training globally.

The White House’s AI Action Plan (2025) explicitly identifies diplomacy and standard-setting as tools to align partner nations with U.S. frameworks.

By embedding U.S.-based AI ecosystems in Hispanic America, Washington offers democratic governance standards and trusted digital infrastructure.

This strategy not only supports innovation but also reduces the risk of dependency on Chinese platforms, which carry surveillance and data security concerns.

While outcomes are not guaranteed, these initiatives increase the likelihood that regional AI standards will align with U.S. interests.

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Russia remains top uranium fuel supplier to US – Energy Department data

Russia is still the leading supplier of nuclear fuel to the US despite an import ban introduced under former President Joe Biden, the US Department of Energy has revealed.

According to the agency’s annual uranium marketing report released on Tuesday, Russia provided 20% of the enriched uranium purchased for American commercial reactors in 2024. France supplied 18%, the Netherlands 15%, Britain 9%, and Germany 7%, while 19% of enriched uranium was produced domestically.

Biden signed the Prohibiting Russian Uranium Imports Act into law in 2024, with the ban formally coming into force in August that year. In retaliation, Moscow imposed a temporary cap on enriched uranium exports to the US in November.

The legislation, however, contains a system of waivers allowing purchases from Russia until 2028 if no alternative supply is available or if the imports are considered strategically important. Bloomberg reported that waivers were granted to Constellation Energy Corp, the largest US nuclear operator, and Centrus Energy Corp, one of only two domestic uranium enrichers.

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Trump Admin’s $20 Billion ‘Bail Out’ for Argentina’s Milei Raises Eyebrows

The Trump administration says it is working to provide tens of billions of dollars to Argentina’s President Javier Milei, in a financial bailout that many critics say clashes with President Donald Trump’s “America First” platform.

The U.S. State Department told Newsweek Thursday that the America First Foreign Assistance programs must align with administration policies and advance concrete U.S. national interests.

Why It Matters

On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the United States is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump’s “America First” agenda.

Argentina is one of the largest South American economies and has notable natural resources, including oil, gas, uranium, and lithium, which are often used in batteries.

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Trump administration eyes government stake as it renegotiates loan for lithium project: Official

The Trump administration is seeking a stake for the federal government as it renegotiates the terms of a loan for a major lithium project issued under the Biden administration, an official told The Hill on Wednesday.

The Trump administration is seeking an equity stake in the deal, the official said. They described the stake the government was seeking as very small and added that discussions on the specifics are ongoing. 

The Biden administration announced last year it would issue the $2.26 billion loan to support mineral processing at Thacker Pass, the site of a lithium mine that’s a joint venture between Lithium Americas and General Motors (GM).

The official said federal interest in a stake comes amid talks over the loan repayment schedule. They framed the discussion as part of an effort to secure a win for taxpayers.

Reuters, which first reported such discussions, reported Tuesday that the administration was seeking a 10 percent stake in Lithium Americas. 

Lithium Americas spokesperson Tim Crowley said, “We’re still discussing all those details and don’t have anything to disclose — yet.”

Lithium Americas also issued a press release Wednesday that said, “The Company is in discussions” with the Department of Energy (DOE) and GM that includes “requests from the DOE for potential further conditions.”

GM spokesperson Liz Winter declined to comment.

The move would not be the first time the Trump administration has sought government control in a company. The military previously took a stake in miner MP Materials.

Meanwhile, the administration has also previously announced a deal to take a 10 percent stake in chipmaker Intel.

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US government to invest $96 million in Ukraine’s minerals

The US government on Sept 17 pledged US$75 million (S$96 million) to kick-start a landmark deal to invest in Ukraine’s vast mineral reserves, a commitment that will ease fears in Kyiv that the Trump administration is walking away from the war-torn country.

When  an agreement in spring granted the US a stake in Ukraine’s critical minerals, Kyiv cast it as a way to lock in American support through business ties.

President Donald Trump has made it clear that he would no longer give US money to Ukraine for the war effort, leaving Kyiv scrambling to retain whatever American engagement it could.

Many observers doubted that the deal could draw US investment while the fighting continues. But the new American pledge and a matching commitment by the Ukrainian government will bring a fund created under the agreement to US$150 million.

The flow of US government money into Ukraine’s minerals, hydrocarbons and related infrastructure could help reassure private investors and attract badly needed capital to sustain the country’s war economy.

It also shows the new mercantile nature of the US-Ukrainian alliance under Mr Trump.

While the Biden administration spent tens of billions of dollars to aid Kyiv, Washington now focuses on opportunities to profit through investments and sales. It provides weapons to Ukraine only through purchases facilitated by a Nato-backed procurement system that uses European funds.

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Operation “Let’s Grab The Oil”

I don’t know if you remember it, but last year I hypothesized that the Trump administration would focus their attention on a North/South axis of power… and less on an East/West.

Part of this is down to the fact the US Military is stretched globally, and likely no small part comes down to the fact that their ability to project power has for decades been reliant on their naval capabilities. These are now rendered obsolete due to the Russian missiles which can sink them and are unstoppable. All parties know this, though it remains to be seen whether US hubris may ignore it nonetheless.

In any event, focusing on the easy prey — the US own backyard, so to speak. Canada (remember the comments about “Governor Trudeau?”) and the political pressure on Mexico. Then there is the strong allegiance now with Argentina and the pressure being placed on Brazil, the focus on Panama — the canal being all important, of course. All of this is due to a North/South pivot.

So included in this is, of course, Venezuela.

The Escalating Political Showdown: Trump vs. Maduro Over Venezuela’s Black Gold

The relationship between the Donald and Venezuelan President Nicolás Maduro has devolved into one of the most hilarious and contentious international political feuds of recent years, with both leaders engaging in increasingly hostile rhetoric. Of course, it’s all theatre — a sideshow masking the real prize: the struggle over Venezuela’s vast oil reserves, the largest proven reserves in the world.

Why, for example, is Don not blabbing about Costa Rica or Honduras or any other country in the region?

The Bounty That Started It All

Back in March of 2020 the US administration placed a $15 million bounty on Maduro’s head through the DEA’s “Narcotics Rewards Program.” They accused Maduro and other Venezuelan officials of “narco-terrorism” and drug trafficking conspiracy charges. This bounty, along with similar rewards for other Venezuelan officials totaling over $55 million, marked the first time the United States had placed such a substantial price on a sitting head of state.

The US justified this action by claiming that Maduro’s regime had transformed Venezuela into a “criminal enterprise” that facilitated drug trafficking throughout the Western Hemisphere. Secretary of State Mike Pompeo at the time declared that the Venezuelan government had become “one of the most corrupt and destructive forces in the Western Hemisphere.”

In reality, the CIA doesn’t like competition, but anyway…

Maduro’s Counterattack: The Epstein Files Gambit

Maduro’s response was swift and inflammatory. Taking to his official social media accounts, he pointed out who Trump pays allegiance to (Mossad) and suggested a release of the Epstein files. It’s all highly entertaining… except if you’re a Venezuelan, of course, wondering if Trump drops a “big beautiful bomb” on your head.

The Prize: Venezuela’s Oil Wealth

Behind this political theatre lies the true source of tension: Venezuela’s staggering oil reserves. According to OPEC data, Venezuela possesses approximately 303.8 billion barrels of proven oil reserves — roughly 18% of the world’s total. This makes Venezuela’s reserves larger than those of Saudi Arabia (267 billion barrels) and represents more oil than the combined reserves of Iraq, Iran, and Kuwait.

Despite this wealth, Venezuela’s oil production has plummeted from over 3 million barrels per day in the 1990s to barely 800,000 barrels per day by 2020, largely due to mismanagement, corruption, and international sanctions.

The Trump administration’s sanctions effectively cut off Venezuela’s access to US refineries and financial systems, costing the country an estimated $116 billion between 2017 and 2020. So there’s definitely no love lost there.

Social Media War

The conflict has played out extensively on social media platforms, with both leaders using their accounts to escalate tensions. Trump frequently posted on Truth Social about Venezuela, calling Maduro a “dictator” and claiming that “Venezuela’s oil belongs to its people, not to corrupt narco-terrorists.”

Meanwhile, Maduro has used his platforms to portray himself as a victim of “Yankee imperialism,” posting: “They want our oil, our gold, our resources. But the Bolivarian Revolution will never surrender to the gringo empire.”

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Trump to NATO nations: ‘STOP BUYING OIL FROM RUSSIA’

President Donald Trump urged all NATO countries to stop buying oil from Russia, believing it would help end the war in Ukraine.

On Saturday, the president posted an excerpt from a letter he had sent to all NATO nations on X.

“I am ready to do major sanctions on Russia when all NATO nations have agreed, and started, to so the same thing, and when all NATO nations STOP BUYING OIL FROM RUSSIA,” Trump wrote, adding that, “the purchase of Russian oil, by some (countries), has been shocking!”

NATO is comprised of 32 member countries. Of these, Turkey is the third largest buyer of Russian oil, behind China and India, according to the Centre for Research on Energy and Clean Air (CREA). The country spent $62.1 billion on Russian oil from January 2023 to July 2025.

Hungary and Slovakia are also Russian oil customers, according to the same study.

According to the Institute for Energy Economics and Financial Analysis, France, Belgium and Spain accounted for approximately 85% of all Russian liquid natural gas imports in 2024.

Trump believes that buying fossil fuels from Russia “greatly weakens your negotiating position, and bargaining power over Russia.”

The president put the ball in NATO’s court, adding that he is “ready to ‘go’” when they are.

“I believe that this, plus NATO, as a group, placing 50% to 100% TARIFFS ON CHINA, to be fully withdrawn after the WAR with Russia and Ukraine is ended, will also be of great help in ENDING this deadly, but RIDICULOUS, WAR,” Trump stated.

China is the largest buyer of Russian fossil fuels, having spent $158.7 billion on oil from January 2023 to July 2025, according to CREA.

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The Power Of Siberia 2 Pipeline Deal Signifies The Failure Of Trump’s Eurasian Grand Strategy

Trump’s escalatory signals in Ukraine, the Indo-US split that he induced, and the attendant alleviation of the Sino-Indo security dilemma freed Russia up to clinch the long-negotiated Power of Siberia 2 deal…

Trump’s Eurasian grand strategy has sought to preemptively avert Russia’s potentially disproportionate dependence on China in order to avoid having its natural resources turbocharge the superpower trajectory of the US’ only systemic rival. In pursuit of this, the US envisaged entering into a resource-centric strategic partnership with Russia upon the end of the Ukrainian Conflict, expecting that this shared goal would incentivize Putin into agreeing to significant territorial and/or security concessions.

Trump’s unwillingness or inability to coerce Zelensky into any of Putin’s demanded concessions paired with increasingly concerning reports about plans to deploy NATO to Ukraine to spook Putin into ditching his balancing act and pivoting to China. The successful clinching of their long-negotiated deal over the Power of Siberia 2 gas pipeline, which will nearly double Russia’s gas exports to China to ~100 bcm a year and at a cheaper price than the EU receives, signifies the failure of Trump’s Eurasian grand strategy.

Putin might have held out for longer had Trump not inadvertently catalyzed the incipient Sino-Indo rapprochement via his hypocritically punitive tariffs that aim to derail India’s rise as a Great Power. That spooked India into patching up its ties with China, which alleviated their security dilemma that the US was exploiting to divide-and-rule them. This in turn reduced India’s worries about closer Russian-Chinese energy cooperation that it previously feared could lead to Russia becoming China’s junior partner.

It was never officially voiced, but astute observers and those who’ve talked to Indian thinkers know that India was worried that China might leverage its influence over Russia to get it to curtail or cut off military exports to India, therefore giving China a pivotal edge in their border dispute. The Trump-induced Indo-US split and attendant alleviation of the Sino-Indo security dilemma freed Russia up to clinch the Power of Siberia 2 deal without fear of spooking India into the US’ arms and thus dividing-and-ruling Eurasia.

The growing convergence between BRICS and the SCO, which aim to gradually reform global governance via their complementary efforts to accelerate multipolar processes, is due in no small part to India’s embrace of both in response to new strategic threats from the US. Prime Minister Narendra Modi’s first visit to China in seven years to attend the SCO Leaders’ Summit, during which time he held an important bilateral meeting with President Xi Jinping, is expected to lead to a new normal in Sino-Indo ties.

The roots of their tensions haven’t been resolved, but Russia expects that they’ll now be better managed, ergo why it clinched its deal with China over the Power of Siberia 2 gas pipeline right after also concluding that the US won’t try to help it obtain any of what it wants from Ukraine. To review, Trump signaled escalatory intent in Ukraine reportedly as the quid pro quo for the US-EU trade deal and then Sino-Indo ties improved as Indo-US ones worsened, thus making Power of Siberia 2 politically possible.

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UK sucking resources out of Ukraine – Moscow

The British establishment views Ukraine as a source of cheap resources that can help alleviate the UK’s ongoing economic problems, Russian Foreign Ministry spokeswoman Maria Zakharova has said.

Such a predatory attitude is typical of London, Zakharova said in an exclusive interview with RT on Wednesday.

Moscow considers the UK one of the main actors fueling the Ukraine conflict, claiming it collaborates with the EU to undermine diplomatic efforts made by US President Donald Trump.

“Britain has a history of aggressive colonialism and imperialism toward resource-rich countries,” she stated. “Ukraine holds significant potential in this regard, and Britain views it as a means of enrichment – or rather a lifeline given the current state of Western European economies.”

“London perceives Ukraine as merely a feeding trough, both now and in the future, from which it can extract essentially free minerals and refine them,” she added.

The Ukrainian leadership is not acting in the interests of its citizens, Zakharova claimed, but instead follows directives from “NATO, Western European elites, and local self-interested groups.”

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China’s Grip On Critical Minerals Disrupts U.S. Defense Supply Chain

In 2023, Raytheon CEO Greg Hayes warned that Beijing effectively has the US military’s supply chain by the balls, thanks to America’s reliance on rare earths and other materials which either come from, or are processed in, China. 

According to Hayes, Raytheon has “several thousand suppliers in China,” because of which “decoupling … is impossible.“

“We can de-risk but not decouple,” he told the Financial Times, adding that he thinks this is the case “for everybody.”

“Think about the $500bn of trade that goes from China to the US every year. More than 95 per cent of rare earth materials or metals come from, or are processed in, China. There is no alternative,” he said. 

Fast forward two years later – and China’s recent curbs on the export of critical minerals are rippling through the U.S. defense supply chain, slowing production schedules and sending manufacturers on a global search for scarce materials needed in everything from munitions to fighter jets.

In short, amid a surge in U.S.-China trade tensions earlier this year, Beijing tightened its control over rare earth exports. Those shipments resumed after the Trump administration reached a set of trade concessions in June, however China has kept a firm hold on materials destined for defense use. Accounting for roughly 90 percent of the world’s rare earth output – and dominating the supply of other strategic minerals – China has also barred the sale of germanium, gallium and antimony to the United States since December. The three metals are essential for bullet hardening, night-vision optics and other military applications, the WSJ reports.

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