Ambassador Greer Issues Statement Welcoming S&P Global’s Release of Critical Minerals Pricing Benchmarks

WASHINGTON - Today, Ambassador Jamieson Greer issued a statement welcoming S&P Global's release of new critical minerals pricing benchmarks, an important step toward promoting transparent, market-based pricing for critical minerals. Additional price transparency for critical minerals-including Gallium, Germanium, Tungsten, Antimony, and Neodymium and Praseodymium-coupled with the deep research provided will inevitably lead to more resilient decision making.

Transparent and reliable pricing benchmarks such as these help provide the confidence market participants need to make long-term investment and sourcing decisions, helping to counter non-market policies and practices, encourage private-sector investment, and strengthen secure and resilient critical mineral supply chains.

"Private sector input and ingenuity complement the Trump Administration's efforts to build supply chain resilience. Setting benchmarks like these will inform the negotiation of the Agreement on Trade in Critical Minerals," said Ambassador Greer. "As a result of non-market policies and practices, global prices for minerals lack the stability necessary for markets to function. This announcement is a step forward towards establishing border-adjusted price floors, correcting market distortions, and accelerating critical mineral supply chain resilience."

The Agreement on Trade in Critical Minerals aims to establish phased-in mineral specific price floors, adjusted at the border, as well as common standards across like-minded trading partners. Negotiations will build on multiple engagements by the United States with G7 Finance and Trade Ministers on this topic earlier this year, as well as action plans signed with Japan, Mexico, and the European Union.

The proposed design of the Agreement on Trade in Critical Minerals reflects insights provided by the nearly 2,500 comments submitted in response to the Federal RegisterNotice posted on February 26, 2026. The United States looks forward to constructive engagement with our trading partners towards establishing transparent and resilient markets for critical minerals.

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