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Vance says US will establish price floor system for critical minerals

By Thomson Reuters Feb 4, 2026 | 8:39 AM

WASHINGTON, Feb 4 (Reuters) – U.S. Vice President ‍JD Vance told a meeting of than 50 countries on ‌Wednesday aimed ‌at boosting access to critical minerals that the U.S. will ​establish a system ‍creating price ​floors for ​the commodities.

Vance ‍said the United States was proposing a trading bloc for ‍critical minerals and many countries had ‍already ‍signed on ​to the ​plan.

(Reporting ⁠by Simon ‌Lewis, Michael Martina, Doina Chiacu and David Brunnstrom; editing by Doina ⁠Chiacu)