EU and US close in on critical minerals deal to curb China dominance

The European Union and Washington are closing in on an agreement to coordinate on producing and securing critical minerals, Bloomberg News reported on Friday. The potential deal would include incentives such as minimum price guarantees that could favour nonChinese suppliers, the report said, citing an “action plan”. The EU and US would also cooperate on standards, investments and joint projects, along with increased coordination on any supply disruptions by countries like China, the report added. The European Commission declined to comment on the report. The office of the US Trade Representative did not immediately respond to Reuters’ requests for comment….