Pakistan has sent its first shipment of rare earth elements and critical minerals to US Strategic Metals (USSM) in the United States. This marks a major milestone in the growing cooperation between the two countries in the minerals sector.
The shipment included antimony, copper concentrate, and rare earth elements containing neodymium and praseodymium. These materials are essential for industries such as renewable energy, electronics, and defense manufacturing.
All minerals were sourced and processed within Pakistan, reflecting the country’s expanding technical capacity and focus on self-reliance.
Pakistan is estimated to have natural resources worth about six trillion dollars, making it one of the richest nations in terms of rare earth and metal reserves.
Recognizing this vast potential, USSM and Pakistan’s Frontier Works Organisation (FWO) recently signed a 500 million dollar memorandum of understanding to strengthen cooperation in exploration, processing, and export of these valuable resources.
Officials from both sides called the delivery a significant step toward enhancing trade and long-term economic collaboration. USSM CEO Stacy W.
Hastie appreciated Pakistan’s initiative to develop its mineral sector, while US Chargé d’Affaires Natalie Baker said the partnership will create new economic opportunities and contribute to cleaner, more sustainable industries.
The deal not only opens doors for future mineral exports but also positions Pakistan as an emerging supplier of rare earth elements on the global stage. It demonstrates international trust in Pakistan’s capabilities and its growing role in supporting modern technologies through responsible mineral development.
American Dollar Exchange Rate