signed a Memorandum of Understanding (MoU) on cooperation in critical minerals and rare earths with the United States in Washington, D.C.
The agreement facilitates the joint identification of priority projects, as well as access to financial and technological instruments that will contribute to boosting new investments, strengthening the competitiveness of Peru's mining sector, and diversifying its productive base.
Likewise, it will favor technology transfer, as well as technical, scientific, and institutional cooperation through the exchange of information, specialized expertise, and international best practices.
Through this, Peru will strengthen its capabilities in areas such as exploration, resource mapping, processing, recycling, human capital development, plus research and development.
The MoU does not create legally binding obligations for Peru; rather, it establishes a flexible framework for cooperation and coordination aimed at generating greater opportunities and mutual benefits, in line with the sovereign decisions of the Peruvian State regarding the management of its mineral resources.
Peru's participation in the meeting helped reaffirm its position as a reliable strategic partner in terms of security and resilience of critical minerals supply chains, while sharing the country's vision grounded in the principles of responsible use, transparency, as well as high environmental and social standards.
Facts of interest
Critical minerals are essential resources for operating the most advanced industries.
They constitute the foundation of clean energy, digital technology, and security. They are also important for energy transition and technological innovation, being essential to the manufacture of smartphones, artificial intelligence systems, advanced defense and healthcare equipment, among others.
Peru currently has 10 critical minerals among the 60 identified by the United States: arsenic, boron, copper, tin, phosphorus, indium, lithium, silver, lead, and zinc.
Likewise, our country has significant potential for the exploration and production of nine additional minerals, notably nickel, cobalt, and manganese.