The EU plans to sign a memorandum of understanding with the U.S. to develop a “Strategic Partnership Roadmap” within three months, Bloomberg reported on Tuesday. The partnership aims to diversify the supply of critical minerals beyond China, which controls about 90% of global mineral production and has used its dominance to pressure the U.S. and other nations in trade policy.
The Trump administration has sought to expand the domestic supply of critical minerals, as they are necessary for technologies in the energy and defense sectors, including batteries, fighter jets, missiles, and night vision.
People familiar with the matter told Bloomberg the memorandum suggests the EU and U.S. will consider joint critical mineral projects, price-support mechanisms, and recommendations to avoid market manipulation. The EU also proposes
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