US-Mexico Forge Critical Minerals Alliance to Mitigate Supply Vulnerabilities

The United States and Mexico have introduced a 60-day plan to develop trade policies focused on mitigating vulnerabilities in critical mineral supply chains. The plan, aimed at establishing price floors for certain imports, underscores the countries' commitment to safeguarding supply chains vital to advanced manufacturing and economic security.

The United States and Mexico have unveiled a 60-day plan intended to craft coordinated trade policies mitigating vulnerabilities in critical mineral supply chains. This initiative is part of ongoing efforts to establish price floors for certain mineral imports.

In parallel, U.S. Vice President JD Vance is courting allies to form a preferential trade bloc for critical minerals, escalating efforts to fortify essential supply chains supporting advanced manufacturing. U.S. Trade Representative Jamieson Greer stressed the plan reflects the countries' united front against global market distortions that threaten North American supply integrity.

While Canada was absent in this agreement, Canadian officials are actively engaged in their capacity, including leading the Critical Minerals Production Alliance under the Group of Seven presidency in 2025, contributing to 26 new deals to bolster supply chains.

(With inputs from agencies.)