US, EU and Japan announce partnership on critical mineral supply chains

The U.S., European Union and Japan on Wednesday announced a strategic partnership to shore up the resilience of supply chains for critical minerals now dominated by China, eyeing a broader trade deal with like-minded partners that could include border-adjusted price floors and price-gap subsidies.

In a joint statement, they said the U.S. and the EU committed to concluding a memorandum of understanding on critical minerals within a tight deadline of 30 days.

Reuters