US and EU Sign Strategic Agreement on Critical Minerals to Enhance Supply Chain Resilience
On April 24, US Secretary of State Marco Rubio and European Union Trade Commissioner Maroš Šefčovič signed a memorandum of understanding (MoU) in Washington DC, establishing a strategic partnership between the US and the EU on critical minerals. This agreement aims to strengthen bilateral cooperation across the critical minerals value chain, including exploration, extraction, processing, refining, recycling, and recovery. The MoU emphasizes the importance of strategic, allied supply chains and includes an EU-US Critical Minerals Action Plan. This plan focuses on innovation, investment, and ensuring that resources are directed to where they are most needed. The agreement also addresses supply-and-demand market dynamics to prevent monopolization and concentration of resources in one place. 
