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Proposal from the U.S. Vice President: What does setting a minimum price for minerals mean and what are its benefits?
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JD Vance, the U.S. Vice President, suggested during a meeting with representatives from over 50 countries, aimed at enhancing access to critical minerals, that the United States establish a system to set a minimum price for minerals.
Vance said during the minerals summit that Washington proposes establishing a trade bloc for critical minerals, noting that a number of countries have already signed onto this plan, including the European Union, Japan, and Mexico, where the participating parties agreed to set a minimum price.
JD Vance, the U.S. Vice President, suggested during a meeting with representatives from over 50 countries, aimed at enhancing access to critical minerals, that the United States establish a system to set a minimum price for minerals.
Vance said during the minerals summit that Washington proposes establishing a trade bloc for critical minerals, noting that a number of countries have already signed onto this plan, including the European Union, Japan, and Mexico, where the participating parties agreed to set a minimum price.
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