The Governments of Peru and the United States on Thursday signed a Memorandum of Understanding (MoU) that seeks to foster investment in critical minerals in Peru.
Furthermore, it will strengthen bilateral cooperation, as well as ensure a diversified and sustainable global supply of these essential resources.
In turn,
U.S. Under Secretary Fernandez emphasized the importance of the
agreement and the
desire to continue strengthening cooperation between his country and Peru in the area of critical minerals.
The MoU will facilitate the identification of critical mineral mining and processing projects that can benefit from joint investment and co-financing; promote the holding of workshops, seminars, and conferences; thus, encouraging the involvement of universities for research projects in this field and the enhancement of professional skills.
It will also promote the exchange of knowledge and experiences to improve technical and management capabilities in both countries' mining sector so as to strengthen its competitiveness.
The
Peruvian Ministry of Foreign Affairs highlighted that this
document reflects the
shared commitment of Peru and the United States to
address global challenges and make the most of opportunities in the critical minerals sector.
This collaboration will strengthen both countries' economies, as well as contribute to a more sustainable and technologically-advanced future.