Pakistan has signed a $500 million memorandum of understanding (MoU) with U.S. Strategic Metals and other international partners to develop and export critical minerals. The agreement covers resources such as copper, gold, antimony, tungsten, and rare earth elements, which are essential for defense, technology, and clean energy industries.

A key part of the deal includes plans to establish a poly-metallic refinery in Pakistan, a move expected to strengthen bilateral trade and improve Pakistan’s role in the global supply chain.

Observers note that this step reflects Pakistan’s broader strategy to expand economic ties with the United States beyond traditional security cooperation, positioning itself as a reliable partner in areas vital to Washington’s strategic and industrial interests.

Source: Associated Press