US, EU sign minerals pact

The United States and European Union have signed a landmark partnership to secure supplies of critical minerals and reduce reliance on Chinese supply chains.

The agreement aims to coordinate trade policies and foster cooperation in mineral exploration, extraction, and recycling.

This memorandum of understanding is seen as a strategic move to bolster economic security and support the transition to green energy technologies.

Both parties have committed to a specific action plan for trade to ensure a stable supply of materials like lithium and cobalt.