Pakistan inks $50mn MoU with US Strategic Metals to boost mineral sector

Pakistan has signed a $50 million memorandum of understanding (MoU) with US-based company US Strategic Metals (USSM) to expand its mineral sector, in a move that follows trade agreements with Donald Trump’s administration designed to avoid additional tariffs. The USSM is focused on producing and recycling critical minerals which the US Department of Energy has defined as essential in a variety of technologies related to advanced manufacturing and energy production, according to a statement released by the US Embassy in Pakistan on Monday. The statement read that the country’s Acting Deputy Chief of Mission Zach Harkenrider accompanied a USSM-led delegation to sign the MoU with the Frontier Works Organisation (FWO) at the prime minister’s House. Speaking about the MoU signing,...