EU-US Critical Minerals Pact

According to a report by Bloomberg, as cited on Investing.com Commodities, the European Union is set to propose a critical minerals partnership with the United States. This move aims to reduce dependence on China for crucial minerals such as rare earths, lithium, and other battery metals. The partnership would facilitate cooperation in mineral exploration, production, and trade, promoting a more diversified and secure supply chain. This development is significant for the mining industry, as it could lead to new opportunities for mineral exploration and production in regions like Norway and the broader Nordic area. Investors and industry professionals are likely to watch this proposal closely, given its potential to reshape the global landscape of critical mineral supply.