Did you know that the everyday tech we rely on – from your smartphone to electric cars – depends on “critical minerals”? These aren’t just any rocks; they’re the building blocks of our modern world, powering everything from solar panels to jet engines. Securing their supply is a huge global priority, and that’s why a major new partnership between India and Brazil is making headlines!
Recently, Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva met in New Delhi, sealing a groundbreaking agreement to boost cooperation on these vital critical minerals and rare earths. Brazil holds the world’s second-largest reserves, making it a powerful player in this essential market.
For India, this move is highly strategic. Like many nations, India aims to diversify its supply chains and reduce reliance on single suppliers, particularly China, which currently dominates the critical mineral landscape. By partnering with Brazil, India is strengthening its access to materials crucial for its growing renewable energy sector, electric vehicle ambitions, and advanced defense technologies. This isn’t just about economic growth; it’s about national resilience and future innovation.
This agreement isn’t happening in isolation. It complements India’s existing engagements with the US, France, and the European Union, showcasing a multi-faceted approach to securing resources. Experts emphasize that “Global South” alliances like this are crucial for diversified access and shaping fair global trade rules.
Beyond minerals, the two nations also forged nine other agreements, touching on digital cooperation, health, and entrepreneurship. They aim to boost their bilateral trade past an impressive US$20 billion in the next five years. As PM Modi aptly put it, “When India and Brazil work together, the voice of Global South becomes stronger and more confident.” This partnership signals a powerful step towards a more diverse and secure global economy for us all.
Source: https://www.channelnewsasia.com/asia/india-brazil-critical-minerals-rare-earths-5944101
