US Pitches Mineral Price Floors, Investments to Tackle China
Vice President JD Vance speaks during the inaugural Critical Minerals Ministerial meeting at the State Department in Washington on Feb. 4.
Photographer: Oliver Contreras/AFP/Getty ImagesThe Trump administration hosted 55 countries at a critical minerals summit on Wednesday, pitching price floors and a flood of US private equity in a bid to reduce dependence on China and ensure US manufacturers have stable access to key resources.
The European Union, Japan and Mexico each agreed with the US to set up new policies including price floors to help solve critical mineral supply-chain vulnerabilities, according to statements from the US Trade Representative’s office.