Washington, United States – The UAE and the United States of America signed a joint framework to support mining and processing operations for critical minerals and rare earth elements.
This was on the sidelines of the ministerial meeting on critical metals held in Washington, DC.
This framework reflects the depth of the bilateral partnership and the shared commitment to building diversified and resilient supply chains.
This is to ensure continued supplies of essential materials for the defense sectors and advanced technologies, and to promote sustainable industrial growth.
This framework establishes a common methodology to accelerate the security of critical metal supplies by leveraging existing policy tools.
Including US industrial demand and US storage infrastructure, along with the UAE’s strategic reserves.
It also provides a platform to increase the volume of public and private investments across the value chain, from mining, separation and processing operations to recycling and subsequent activities.
The two parties are committed to supporting investment through a set of mechanisms, including financing, guarantees, capital investments, purchase agreements, insurance, and facilitating regulatory procedures.
The UAE and the United States also intend to identify priority projects that address supply chain gaps.
In addition to taking concrete steps within six months of signing the agreement to provide funding for projects in both countries.
These projects will result in marketable products tailored to buyers in both markets.
The framework supports the acceleration and simplification of licensing procedures in accordance with applicable laws, and identifies ways of cooperation to enhance market flexibility.
This includes taking effective measures to address unfair trade policies and practices, exploring high-standard market mechanisms that enhance the transparency of trade operations, and engaging with international partners to address global pricing challenges.
recycling
Additional areas of cooperation also include investment in recycling technologies and improved management of critical scrap metals and rare earth elements.
In addition to geological mapping projects in the UAE, the United States and other agreed upon locations.
As well as reviewing asset sales for national security reasons, and cooperating with third parties to enhance supply chain security.
The UAE reaffirms its commitment to international cooperation to develop joint solutions.
Through its participation in the ministerial meeting and its signing of this framework, and through investment-based partnerships that support safe, flexible and diversified supply chains for critical minerals.
Which contributes to achieving global economic stability in the long term.
