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Brazil & India Forge Critical Minerals Alliance
21 Feb
Summary
- Brazil and India signed a pact to cooperate on critical minerals processing.
- The agreement aims to secure rare earth supplies and build resilient supply chains.
- This collaboration seeks to reduce reliance on China for essential mineral inputs.
Brazil and India have established a significant framework agreement centered on critical minerals, focusing on enhanced cooperation in processing to bolster supply chains. This partnership aims to secure essential rare earth supplies, a move welcomed by Prime Minister Narendra Modi as instrumental in shaping a "new and resilient supply chain."
Brazil, possessing the world's second-largest reserves of rare earths, presents India with a vital alternative source. India's strategy involves reducing its reliance on China for materials critical to advanced manufacturing, clean energy technologies, and defense.
Both nations are keen to move beyond merely supplying raw materials into the processing of critical minerals, an area currently dominated by China. This collaboration is part of a broader effort by countries like Brazil and India to increase their influence in global technology and supply chains.
President Luiz Inacio Lula da Silva highlighted the agreement's core objective: increasing investments and cooperation in renewable energy and critical minerals. This partnership signifies a growing trend of cooperation among developing nations seeking greater influence on the global stage.
