America plans minimum prices for critical minerals with Mexico, the EU and Japan. The scheme aims to shield supply chains from disruption and curb dependence on China. Washington will test price floors during a review of the USMCA trade pact this summer. Partners also plan shared stockpiles and closer co-operation on mining and processing. Investors fretted, sending shares of some American rare-earth firms sharply lower. The US secretary of state on Wednesday urged collective action to address “dangerously concentrated” supply chains, a rare case of the Trump administration pushing for multilateralism.
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America plans minimum prices for critical minerals with Mexico, the EU and Japan. The scheme aims to shield supply chains from disruption and curb dependence on China. Washington will test price floors during a review of the USMCA trade pact this summer. Partners also plan shared stockpiles and closer co-operation on mining and processing. Investors fretted, sending shares of some American rare-earth firms sharply lower. The US secretary of state on Wednesday urged collective action to address “dangerously concentrated” supply chains, a rare case of the Trump administration pushing for multilateralism.
Ah price floors. Classic free market economics you’d expect from Republicans
Did the G7 not just set up a critical minerals alliance at the last summit? What about Canada and the UK?
So this seems like pretty valid and low bureaucracy industrial policy even if it’s somewhat expensive.
I’m sure all of our other geopolitical bullshit wont get in the way of this at all.
The US wants right of first refusal.
Yeah…. no.