The companies signed a Memorandum of Understanding, which also seeks to expand recycling efforts.
Feasibility study on extracting and refining critical minerals from ocean sources.
Response to U.S. tariffs announced last week. Would target large-engine vehicles.
The Secretary of the Treasury urges more cooperation between the U.S. and Europe on critical minerals.
Shenghe holds interest in multiple rare earth projects worldwide already, including in Tanzania.
Two Canadian companies developing critical minerals deposits will receive $24 million.