2 days ago
1
India and the U.S. connected Tuesday (May 26, 2026) firmed up a cardinal model for practice successful ensuring dependable supplies of captious minerals, a determination that comes amid increasing concerns implicit China's export controls connected uncommon world elements and strategical metals captious for planetary exertion proviso chains.
The model connected securing supplies of mining and processing of captious minerals was signed connected the sidelines of the Quad Foreign Ministers' meeting successful New Delhi.
Quad Foreign Ministers meet updates connected May 26, 2026
"It is thing precise timely and critical," External Affairs Minister S. Jaishankar said successful beingness of US Secretary of State Marco Rubio.
"This model aims to deepen our practice crossed the full captious minerals and uncommon world proviso chain, including mining, processing, recycling and related investment," helium said.
The External Affairs Minister said the model volition fortify resilient and diversified proviso chains, assistance financing of projects arsenic good arsenic ensuring effectual absorption of captious minerals and uncommon earths.
"It is 1 much motion of however adjacent our practice has been successful a satellite wherever determination are truthful galore challenges but besides truthful galore opportunities," helium said.
In his remarks, Mr. Rubio highlighted the strategical concern betwixt the US and India and however important it is for the respective nationalist interests of some countries.
"It is simply a tangible illustration of that," helium said referring to the inking of the pact.
"We are 2 countries that person strategical interests successful ensuring reliable semipermanent entree to captious minerals and proviso chains that are important for our innovation economy," helium said.
Mr. Rubio besides mentioned the U.S.-backed Pax Silica initiative.
"The groundwork was laid for this connected February 4 erstwhile you joined america astatine the Critical Minerals Forum that we hosted successful Washington DC," helium said, adding it gained momentum aft India signed connected to Pax Silica.
"Today, due to the fact that we some person a strategical and shared involvement successful the information that vibrant innovation economies specified arsenic ours cannot spend to permission the foundational materials of these industries susceptible to azygous root monopoly that could contradict america these things, not conscionable successful a clip of conflict, but arsenic a leverage constituent contrary to our sovereign nationalist interests," helium said.
"I'm gladsome we were capable to motion this due to the fact that successful summation to being an important papers and important agreement, it brings a tangible illustration of the strategical concern betwixt the U.S. and India," helium said.
The Pax Silica inaugural was launched successful December to physique a secure, resilient, and innovation-driven proviso concatenation for captious minerals and artificial quality (AI).
