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Pakistan and the US established a $500 million minerals agreement, enhancing export potential and refinery development - VT Markets

From vtmarkets.com

Pakistan and the United States have formalised an agreement involving critical minerals. This arrangement initiates the immediate export of antimony, copper, gold, tungsten, and rare earth elements from Pakistan to the U.S. A key component is the planned U.S.-backed refinery in Pakistan, entailing an initial investment of $500 million. The partnership offers American companies a new source for rare earths and strategic minerals beyond China. This could alleviate cost and security concerns for U.S. industries reliant on these resources. However, the speed of the refinery’s development will influence the overall ... (full story)

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  • Category: Fundamental Analysis