US marshals EU, Japan and Mexico: critical minerals pact explained for project teams
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
US, EU, Japan and Mexico will develop coordinated critical minerals action plans featuring border‑adjusted price floors and a prospective binding plurilateral trade agreement, following a Washington DC ministerial hosted by Vice President JD Vance and Secretary of State Marco Rubio with officials from over 50 countries. A US‑EU‑Japan memorandum of understanding is due within 30 days, while a separate US‑Mexico 60‑day plan will identify specific mining, processing and manufacturing projects and explore price floors. The push coincides with President Donald Trump’s proposed nearly $12 billion US critical minerals stockpile and precedes the US‑Mexico‑Canada trade agreement review.
Technical Brief
- A Washington DC Critical Minerals Ministerial gathered officials from over 50 countries, including all G7.
- Mexico’s 60‑day plan will shortlist specific mining, processing and manufacturing projects in both countries and selected third states.
- Canada was notably excluded from the USTR announcement, despite Natural Resources Minister Tim Hodgson attending the ministerial.
- Policy focus is explicitly on rare earths and other inputs for EVs, semiconductors and defence‑related manufacturing.
Our Take
With officials from over 50 countries involved and a planned US$12 billion critical minerals stockpile, this US-led initiative effectively sets a reference point for strategic reserves that operators in copper, silver and platinum will benchmark against when assessing long-term offtake and pricing risk.
The presence of Japan, Mexico, Canada and Gulf states like Saudi Arabia and the UAE in the same critical minerals conversation signals that North American projects in copper and rare earths will increasingly be evaluated not just on geology and cost, but on their ability to qualify under multiple, sometimes competing, national security–driven sourcing rules.
Our database shows other recent critical minerals coverage, such as the University of Queensland brownfield study, emphasising copper- and platinum-heavy expansion; aligning that with this US–EU–Japan policy push suggests brownfield assets in friendly jurisdictions may see a premium in access to public-backed finance and long-term contracts.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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