India-US Strategic Partnership: Securing the Critical Minerals Supply Chain
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India and the United States have signed a landmark bilateral agreement to secure critical mineral supply chains, aiming to reduce dependence on single-source suppliers and boost green energy cooperation.
In a significant move toward enhancing resource security, India and the United States have finalized a bilateral agreement to secure supply chains for critical minerals. This agreement, signed following high-level diplomatic engagements, marks a pivotal step in the strategic partnership between the two nations, particularly under the umbrella of the Quad’s Critical Minerals Initiative.
Critical minerals, including lithium, cobalt, nickel, and rare earth elements, are indispensable for the global transition to clean energy. They are essential components in the manufacturing of electric vehicle (EV) batteries, solar panels, wind turbines, and advanced defense equipment. Currently, the global supply chain for these minerals is highly concentrated, with China dominating both extraction and processing. This agreement aims to mitigate the risks associated with such over-dependence by fostering a more resilient and diversified supply network.
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