Category: Business News
WASHINGTON – The U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry, and Fisheries issued a thorough, innovative report presenting our shared understanding of non-market policies and practices (NMPPs) of certain third-party countries that may distort critical mineral markets (“NMPP Report”). The NMPP Report marks an important milestone in the United States and Norway’s pursuit of sustainable, high-standard, market-oriented critical mineral mining and processing activities globally.
The International Trade Administration’s Industry and Analysis business unit played a leading role in the development of this report.
“Securing our critical mineral supply chains is vital to protecting our national security and enhancing our economic competitiveness,” said Assistant Secretary of Commerce for Industry and Analysis Grant Harris. “This report provides an in-depth analysis of how non-market policies and practices have impacted the markets for critical minerals. It should be used to inform actions by market-oriented economies and industry partners to differentiate markets and strengthen these vital supply chains.”
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Source: U.S. Department of Commerce