Mongolia will deepen cooperation with Washington to mine rare earths, the country's Prime Minister L. Oyun-Erdene said on a visit to Washington on Wednesday, but he warned that a 'new Cold War' between the U.S. and China would harm the global economy.
Mongolian Prime Minster Oyun-Erdene Luvsannamsrai gestures in front of Mongolia's flag and a portrait of the country's national hero Genghis Khan while speaking to Reuters correspondent Simon Lewis in an interview at the Mongolian embassy in Washington, U.S., August 2, 2023. REUTERS/David Brunnstrom
Cooperation with the United States, which he called Mongolia's "important strategic third neighbor," on rare earths and critical minerals was already underway, and would be deepened under a memorandum of understanding signed in June between his country's ministry of mining and heavy industry and the U.S. State Department, he said.
He called on major powers to "be more responsible" to avoid "drastic negative effects on many countries around the world, especially the international economy."Chief Executive Elon Musk over possible investment and cooperation in the electric vehicle sector and space, but he would not meet the tech billionaire during this visit.
"One interesting topic that I discussed with Mr. Elon Musk is the Gobi Desert of Mongolia, which has a similar environment to Mars, and I urged him to do some research on this," he said.
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