Foreign Media: The EU and the US are on the verge of finalizing a critical minerals cooperation agreement aimed at reducing dependency on China's supply chains.
The plan will support non-Chinese suppliers through incentive measures such as setting minimum prices, and will collaborate on standard-setting, investments, and joint projects, while also coordinating responses to supply disruption risks from countries like China.
Both sides also seek to bring in other "like-minded partners" into a multilateral agreement to build new supply chains for critical minerals essential to modern technologies—from missile guidance systems to electric vehicles.
The document is currently under review by EU member states, and specific details may still be subject to adjustment.
Original article: toutiao.com/article/1862092847294474/
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