Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News
CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 65

CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 65

Pakistan ships first batch of rare earth elements to US in $500m deal

byCT Report
04/10/2025
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Pakistan has officially begun its $500 million partnership with the United States, shipping its first batch of enriched rare earth elements and critical minerals to US Strategic Metals (USSM), a Missouri-based company, according to a news report. 

This delivery marks a significant step in the growing economic collaboration between the two nations, with the shipment arriving on Thursday.

You might also like

RCCI chief urges diplomats, business leaders to convert linkages into trade, investment

12/10/2026

Torkham border closure causes up to Rs400b in trade losses as thousands lose livelihoods, traders say

12/10/2026

In September 2025, Pakistan’s Frontier Works Organisation (FWO) and USSM signed a Memorandum of Understanding (MoU) to establish a poly-metallic refinery in Pakistan, aimed at bolstering the supply of critical minerals to the United States. The partnership is seen as an opportunity to enhance bilateral relations, with both parties committed to fostering economic ties and mutual cooperation.

Stacy W. Hastie, CEO of USSM, highlighted the shipment as the first of many in efforts to supply critical minerals to the U.S. and support national interests. The initial shipment included antimony, copper concentrate, and rare earth elements such as neodymium and praseodymium.

This deal comes amid a broader push by the US to strengthen its domestic critical minerals supply chain, reducing reliance on China. In August 2025, the US Department of the Interior added new commodities, including copper and silver, to its critical minerals list, emphasizing their importance for national security and economic stability.

Additionally, the US Department of Energy is planning to allocate nearly $1 billion in funding to support the mining, processing, and manufacturing of critical minerals and materials, as part of President Trump’s “Unleashing American Energy” initiative. This effort seeks to bolster domestic supply chains for energy, defense, and industrial purposes.

The partnership between Pakistan and the US is poised to enhance both countries’ competitiveness in the global market for critical minerals, while offering Pakistan an opportunity to strengthen its position in the growing energy and minerals sector.

Related Stories

RCCI chief urges diplomats, business leaders to convert linkages into trade, investment

byCT Report
12/10/2026

RAWALPINDI: President of the Rawalpindi Chamber of Commerce & Industry (RCCI), Nosherwan Khalil Khan called on diplomatic missions and international...

Torkham border closure causes up to Rs400b in trade losses as thousands lose livelihoods, traders say

byCT Report
12/10/2026

PESHAWAR: The year-long closure of the Torkham border crossing since October 2026 has caused estimated economic losses of Rs380 billion...

NCCIA arrests Soneri Bank Operations Manager over alleged sale of customer data

byCT Report
12/10/2026

LAHORE: The National Cyber Crime Investigation Agency (NCCIA) has reportedly arrested Imran Ashraf, an operations manager at Soneri Bank, over...

World Bank proposes $200m to improve KP health & education

byCT Report
12/10/2026

PESHAWAR: The World Bank has proposed USD 200 million in financing for Khyber Pakhtunkhwa (KP) to broaden its tax base...

Next Post

FIA arrests four in Quetta and Gwadar over illegal currency exchange

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.