The United States and India have signed a strategic agreement to collaborate across the entire critical minerals and rare earth supply chain, including mining, processing, recycling, and related investments, with the goal of strengthening resilient and diversified supply chains to reduce dependence on single-source suppliers and protect national interests from potential monopolistic vulnerabilities.
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U.S. & India Sign Critical Minerals and Rare Earths Pact | Major Strategic Deal Announced | AC1WAñadido:
Dr. S. Jaishankar, External Affairs Minister of India, distinguished delegates, ladies and gentlemen.
Uh this particular framework aims to deepen our cooperation across the entire critical minerals and rare earth supply chain, including mining, processing, recycling, and related investments.
Uh it will certainly strengthen resilient and diversified supply chains.
It will help us to collaborate in financing and in the effective management of critical minerals and rare earth supply.
Because we both have a strategic and shared interest in the fact that vibrant innovation economies such as ours cannot afford to leave uh the foundational materials of of these industries vulnerable uh to the single-source monopolies that that could deny us these things, not just in a time of conflict, but as a leverage point uh in contrary to our sovereign national interest.
May I now request all the leaders to please stand and exchange the documents.
>> [applause] >> Thank you.
Make some noise.
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