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American Economic Statecraft

Briefing · Administration

Orr at Critical Minerals Ministerial: fifty-five nations, $30 billion in projects, FORGE as price floor.

The Assistant Secretary of State briefs reporters on the inaugural ministerial outcomes: bilateral framework agreements, joint projects, and a forum to coordinate price-floor mechanisms across allied terrain.

Speaker
Caleb OrrAssistant Secretary of State for Economic, Energy, and Business Affairs
Venue
State Department, Washington (Miami Media Hub teleconference)
Delivered
Feb 11, 2026
The United States and participating countries are engaging through the ministerial, and other initiatives such as Pax Silica and the newly launched Forum on Resource Geostrategic Engagement or FORGE, because we recognize the importance of reliable, diversified supply chains in reducing the risk of strategic vulnerabilities.

The ministerial operationalizes Pax Silica at the commodity layer. Bilateral framework agreements with Argentina, Ecuador, Paraguay, and Peru. Thirty billion dollars in announced joint projects. FORGE as a coordination mechanism to make allied-terrain mining commercially viable against Chinese price moves.

Orr's emphasis on processing capacity, not just extraction, is the doctrine''s value-chain principle. Securing the supply chain at one layer is not securing it. The Western Hemisphere framing places allied terrain in the U.S. near abroad, with DFC and EXIM as the capital instruments that turn ministerial commitments into commercial close.