Mongolia, US Talk Critical Minerals Trade

The White House said the U.S. and Mongolia are exploring opportunities to increase trade. A joint statement with Mongolia said they want to "pursue opportunities for cooperation in the mineral resources sector, clean energy, food security, and the digital economy through existing and new mechanisms, including for capacity building and trade promotion."

"In particular, the United States and Mongolia recognize the importance of critical minerals to the global supply chain and are deepening cooperation in this sector. We welcome the June 27 signing of a bilateral Memorandum of Understanding concerning cooperation on mineral resource sector development and governance, as well as the June trilateral dialogue between the United States, Mongolia, and Republic of Korea in Ulaanbaatar to support the development of Mongolia’s mining sector," the Aug. 2 statement said.