India signs critical minerals deal with Brazil to curb dependance on China
World • Feb 21
Indian Prime Minister Modi hailed the agreement on critical minerals and rare earths as a ‘major step towards building resilient supply chains’.
Brazil and India have signed an agreement to boost cooperation on critical minerals and rare earths, as the Indian government seeks new suppliers to curb its dependence on China.
Brazilian President Luiz Inacio Lula da Silva met Indian Prime Minister Narendra Modi in New Delhi on Saturday and discussed boosting trade and investment opportunities.
Modi said in a statement that the agreement on critical minerals and rare earths was a “major step towards building resilient supply chains”.
China dominates the mining and processing of the world’s rare-earth and critical minerals, and has increased its grip on exports in recent months as the United ...