Pakistan has signed a memorandum of understanding (MoU) worth $500 million with an American metals company, the US Strategic Metals (USSM), it emerged on Monday.

The USSM, based in the state of Missouri, is focused on producing and recycling critical minerals, which the United States Department of Energy has defined as essential in a variety of technologies related to advanced manufacturing and energy production.

The USSM is a company that specialises in extracting critical metals from old lithium-ion batteries and mining cobalt, nickel and copper, according to its website. According to the American embassy, the US Department of Energy has defined critical minerals as essential in a variety of technologies related to advanced manufacturing and energy production.

A press release from the US Embassy, published on Sunday, stated that Acting Deputy Chief of Mission Zach Harkenrider accompanied a USSM-led delegation to sign an MoU with the........

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