News Desk
The News Desk provides timely and factual coverage of national and international events, with an emphasis on accuracy and clarity.
Officials said priority projects in both countries would be identified within six months, with outputs supplied to markets in the U.S. and UAE.
WAM
The United Arab Emirates and the United States have signed a framework to strengthen global supply chains for critical minerals and rare earth elements, during the U.S. Critical Minerals Ministerial in Washington.
The agreement, inked by UAE Minister of Investment Mohamed Hassan Alsuwaidi and U.S. Under Secretary of State for Economic Affairs Jacob Helberg, is designed to expand cooperation across the mining, processing, recycling, and downstream sectors of critical minerals, which are vital for defense, advanced technology, and industrial development, according to WAM.
Under the framework, the two countries will coordinate efforts to accelerate project development, mobilize public and private financing, and streamline regulatory approvals for key initiatives.
Officials said priority projects in both countries would be identified within six months, with outputs supplied to markets in the U.S. and UAE.
The agreement also includes measures to improve supply chain transparency, counter unfair trade practices, enhance market resilience, and invest in recycling technologies and geological mapping. It further outlines joint reviews of asset sales on national security grounds.
Alsuwaidi said the framework reflects the need for global coordination as demand for critical minerals is expected to triple by 2030. Helberg highlighted the UAE as a strategic partner, noting the Gulf state’s $1.4 trillion investment commitment in the U.S. over the next decade.
Officials said the partnership will foster secure, diversified supply chains and strengthen long-term industrial and economic stability for both nations.
Comments
See what people are discussing