Washington DC, Feb. 4 -- As the United States hosted the inaugural critical minerals ministerial on Wednesday, Vice President JD Vance suggested towards the creation of a preferential trade zone so as to protect critical minerals from external disruptions and called for establishing reference prices to reflect the real world fair market value.

The US VP made the statement in his opening remarks at the Ministerial. He said, "This morning the Trump administration is proposing a concrete mechanism to return the global critical minerals market to a healthier, more competitive state. A preferential trade zone for critical minerals protected from external disruptions through enforceable price floors. We will establish reference prices for crit...