Bid to Curb Chinese Control of Critical Minerals Unites US and EU

Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.

At a time of heightened tensions between Washington and Brussels, there are signs of a rare bright spot in transatlantic relations. As we report today, the EU and the US are closing in on an agreement on critical minerals, part of a push to break reliance on China.

The potential deal, which is currently being reviewed by member states, would create incentives, such as minimum prices, that could bolster non-Chinese suppliers, according to a draft “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any disruptions.