India signs critical minerals deal with Brazil to curb dependance on China
Al Jazeera • • general
Key Points:
- Brazil and India have signed an agreement to enhance cooperation on critical minerals and rare earths, aiming to reduce India's dependence on China for these resources.
- The deal was announced during Brazilian President Luiz Inacio Lula da Silva's meeting with Indian Prime Minister Narendra Modi in New Delhi, alongside nine other agreements covering areas like digital cooperation and health.
- China currently dominates the rare-earth minerals market, but Brazil, the world’s second-largest holder of critical minerals, is becoming a key supplier for India’s growing demand in sectors such as electric vehicles and renewable energy.
- India aims to increase bilateral trade with Brazil beyond $20 billion in the next five years, reflecting a strategic partnership to strengthen the Global South’s economic influence.
- Experts highlight
