US inks critical minerals cooperation deal with Argentina

United States and Argentina have signed an agreement that aims to strengthen their cooperation regarding critical minerals, the US State Department said on Thursday, following a signing ceremony in Buenos Aires.

“The Memorandum (of Understanding) sets the direction for further collaboration in critical mineral resource sector governance, investment, and global supply chain security,” it said in a statement.

The United States has been looking to shift its supply chains of key metals to avoid dependence on China, while Chinese firms have also been growing their influence in Latin America.

(By Sarah Morland; Editing by Kylie Madry)