SANTIAGO, March 12 (Reuters) - Chile and the U.S. have
signed a joint statement to begin discussions on rare earths and
other types of critical minerals, Chile's foreign ministry said
on Thursday.
The first meeting will take place within the next two weeks,
it added. Areas of potential coordination include public and
private financing for mining projects, the management of scrap
for minerals recycling, and exploration for new projects that
could help boost minerals supplies in both countries.
The Trump administration has been pushing to reduce reliance
on China for a range of critical minerals, which are used in
electric vehicles, semiconductors, defense systems and consumer
electronics.
Chile is the world's largest copper producer and
second-largest lithium producer, although it relies on imports
of other minerals.
"I believe there is much we can do with the United States and
Chile to strengthen the supply chains of these minerals," U.S.
Deputy Secretary of State Christopher Landau told journalists in
Chile, where right-wing Jose Antonio Kast was sworn in as
president on Wednesday.
"We will discuss how we can work together," Landau added.
Landau, who previously served as U.S. ambassador to Mexico,
signed the agreement with Chilean Minister of Foreign Affairs
Francisco Perez Mackenna in a Santiago ceremony overseen by
Kast.
Charlotte, North Carolina-based Albemarle has
produced lithium in the country's northern Atacama region for
more than 50 years, operations that have made it the world's
largest producer of that battery metal.
Albemarle was not immediately available to comment on the
partnership between the two countries.
EnergyX, a Puerto Rico-based lithium technology startup
backed by General Motors ( GM ), aims to build a $1.1 billion
lithium facility in Chile that is slated to come online in 2028
and eventually produce 50,000 metric tons per year.
"This is a good first step on Kast's first day in office to
sign something of a framework agreement with the U.S.," said
Teague Egan, the EnergyX CEO, who met Kast at U.S. President
Donald Trump's "Shield of the Americas" summit last Saturday in
Miami.