Pakistan has signed a memorandum of understanding (MOU) with a company of American metals, the strategic metals of the United States (USSM), arose on Monday.
The USSM, based in the state of Missouri, focuses on the production and recycling of critical minerals, which the United States Department of Energy has defined as essential in a variety of technologies related to advanced manufacturing and energy production.
The USSM is a company that specializes in the extraction of critical metals of the old lithium -ion batteries and cobalt, nickel and copper mining, according to its website. According to the American Embassy, the United States Department of Energy has defined critical minerals as essential in a variety of technologies related to advanced manufacturing and energy production.
A press release from the United States Embassy, published on Sunday, declared that the interim deputy director of Mission Zach Harkenrider accompanied a delegation led by the USSM to sign a memorandum of understanding with the organization of works Frontier (FWO) in the home of the prime minister.
Speaking about the signature of Mou, the American loaded Natalie Baker said: “This firm is another example of the strength of the bilateral relationship of the United States for Pakistan that will benefit both countries.”
Speaking about the importance of such bilateral agreements, Baker said that the administration of the president of the United States, Donald Trump, has made forging such agreements a key priority, based on the importance of critical mineral resources for US security and prosperity.
“We hope to see future agreements between US companies and their counterparts in critical minerals and the mining sector in Pakistan.”
Pakistan’s relations with the US have improved, with both nations recently signing commercial agreements. Islamabad successfully negotiated a reduction in reciprocal rates, from 29 percent to 19 percent, after the two nations concluded a commercial agreement in July.
This was after Trump announced that the United States had concluded an agreement with Islamabad that would allow the two allies to work together in the development of Pakistan’s vast oil reserves.
In April of this year, a senior American official had underlined Washington’s strategic interest in the Pakistan mineral sector, indicating an impulse for long -term cooperation in the development of key critical mineral resources for American advanced technologies.
“Critical minerals are the raw materials necessary for our most advanced technologies,” Eric Meyer, an official of the Senior Office of the Office of the Department of State for South Affairs and Central Asians, in a statement issued by the United States Embassy in Islamabad in his visit was cited.
