USTR announces U.S.-Mexico Action Plan on Critical Minerals

USTR issued a press release announcing a U.S.-Mexico Action Plan on Critical Minerals. The announced work includes coordinated approaches to mitigate critical-mineral supply chain vulnerabilities, identifying critical minerals of interest, exploring border-adjusted price floor concepts for critical mineral imports, and consulting on possible incorporation into a binding plurilateral agreement. This is relevant to REE compliance monitoring because rare earth elements are typically treated as critical minerals; the action plan may drive future trade measures affecting REE-containing inputs and derivative products.