Pakistan sends first batch of rare earth elements to US under $500 million deal — report
ISLAMABAD: Pakistan has dispatched its first ever shipment of rare earth and critical minerals to the United States (US), a Chicago-based US public relations (PR) firm said this week, following a landmark $500 million deal between the two countries.
The development comes weeks after American firm US Strategic Metals (USSM) and Pakistan’s Frontier Works Organization (FWO) signed the agreement for collaboration across a range of critical minerals essential for the defense, aerospace and technology industries.
The agreement was signed between American firm US Strategic Metals (USSM) and Pakistan’s Frontier Works Organization (FWO) at the Prime Minister’s House in Islamabad, according to the US embassy in Islamabad.
It aimed to create a framework for joint development of the entire mineral value chain, including exploration, beneficiation, concentrate production and eventual establishment of refineries in Pakistan.
