India and Brazil have signed a critical minerals and rare earth cooperation pact aimed at strengthening supply chains and expanding bilateral trade to over $20 billion in the next five years. The agreement was finalized during talks between Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva, focusing on deeper collaboration in mining, exploration, and resource development.
Brazil, which holds significant reserves of rare earth and critical minerals, will collaborate with India to support investments in mining, steel production, and mineral exploration. The partnership also seeks to reduce dependence on limited global suppliers and strengthen strategic cooperation between the two emerging economies.
Why This Matters
• Strengthens India’s access to critical minerals and rare earth resources
• Supports EV, semiconductor, and clean-energy supply chains
• Expands India–Brazil bilateral trade to $20B in 5 years
• Reduces dependency on concentrated global mineral supply sources