Lima, Peru -The governments of Peru and the United States signed a Memorandum of Understanding (MoU) today to encourage investment in Peru’s critical minerals sector. This agreement, forged during a visit by a group of American business leaders, aims to enhance investments in an industry vital to the energy transition and technological advancement. It also aims to bolster bilateral cooperation and ensure a diversified and sustainable global supply of these essential resources.
At the signing ceremony, Peru’s Minister of Foreign Affairs, Javier González Olaechea Franco, noted that the initiative represents a commitment from the entire Peruvian State, not just the current government. He emphasized that the agreement coincided with an extraordinary visit by the U.S. Under Secretary of State for Economic Growth, Energy, and Environmental Affairs, Jose Fernandez, accompanied by a delegation of American investors and associations.
Jose Fernandez expressed his enthusiasm for the agreement and the ongoing efforts to deepen cooperation between the U.S. and Peru in the field of critical minerals. The MoU will support the identification of mining and mineral processing projects that could benefit from joint investment and co-financing. It will also encourage the organization of workshops, seminars, and conferences, as well as partnerships with universities for research projects and the development of professional skills. Additionally, this agreement will promote the exchange of knowledge and experiences to enhance technical and management capabilities in the mining sector of both countries, strengthening the competitiveness of this crucial industry.
This MoU reflects the shared determination of Peru and the United States to address global challenges and seize opportunities in the critical minerals sector. The collaboration aims to reinforce the economies of both nations and contribute to a more sustainable and technologically advanced future.
