Summary According to media reports, US Secretary of State Marco Rubio and a representative of the European Commission signed the agreement
WASHINGTON (Dunya News) - The United States and Europe have reached an agreement on a critical minerals deal of major significance, a move being described as a major development in the global supply chain.
According to media reports, US Secretary of State Marco Rubio and a representative of the European Commission signed the agreement.
Under the deal, priority will be given to non-Chinese suppliers for the production and supply of key minerals.
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Reports indicate that the agreement aims to secure the supply of strategic minerals essential for the technology and defence sectors, reducing reliance on any single country in sensitive industries.
News report say the move by the European Union and the United States is part of broader efforts to establish alternative supply chains to China, a trend that has accelerated in recent years.
Under the agreement, both sides have also agreed to form a joint front in the strategic minerals sector, a step widely seen as a significant development in global economic and geopolitical dynamics.
