Assemblyman John Lemondes has expressed support for the recent minerals agreement between the United States and Ukraine, highlighting its potential benefits for various levels of the economy. The Trump Administration recently revealed a collaborative investment fund that will enable revenue sharing from Ukraine’s mineral reserves. This initiative aims to reduce U.S. reliance on countries like China for essential minerals crucial in producing electric vehicle batteries, renewable energy technologies, and defense equipment.
Lemondes stated, “For too long, our nation’s most profitable industries have had to rely on economic competitors like China. President Trump’s new deal with Ukraine will help bring these jobs back to the states and put money back in the pockets of American companies.” He emphasized that this agreement would enhance economic connections and bolster national security.
New York state has seen significant advancements in clean energy and mineral-based sectors, particularly in Central New York. The region is set to benefit from increased access to critical minerals, attracting further investment from companies such as Micron. Micron plans to construct a plant in Clay, creating numerous high-paying jobs.
“Central New York is officially open for business,” said Lemondes. He noted that Central New York has been at the forefront of innovative mineral-based technologies and anticipates continued substantial investments due to this new agreement. He mentioned that Micron’s planned investment of up to $100 billion exemplifies the region’s appeal for economic development. Lemondes pledged ongoing collaboration with the administration to maintain Central New York as a center of innovation and prosperity.
