EU and US Move Toward Critical Minerals Supply Agreement

The EU and US are nearing a deal to secure critical minerals and reduce Chinese market control. The plan includes price guarantees and joint project investments.

Xurve View

The European Union and the United States are reportedly finalizing a strategic agreement to coordinate the production and security of critical minerals. This move is aimed at reducing global reliance on supply chains currently dominated by China. The potential deal, which stems from a non-binding memorandum of understanding, is expected to include incentives such as minimum price guarantees to favor suppliers outside of the Chinese market.

An illustration depicting the flags of the United States and the European Union, captured on March 20, 2025. REUTERS/Dado Ruvic/Illustration
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