NEW DELHI: India\u2019s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva are set to meet in New Delhi on Saturday, seeking to boost cooperation on critical minerals and rare earths.<\/p>\n
Brazil has the world\u2019s second-largest reserves of these elements, which are used in everything from electric vehicles, solar panels and smartphones to jet engines and guided missiles.<\/p>\n
India, seeking to cut its dependence on top exporter China, has been expanding domestic production and recycling while scouting for new suppliers.<\/p>\n
Lula, heading a delegation of more than a dozen ministers as well as business leaders, arrived in New Delhi on Wednesday for a global summit.<\/p>\n
Officials have said that in talks with Modi on Saturday, the two leaders are expected to sign a memorandum on critical minerals and discuss efforts to increase trade links.<\/p>\n
The world\u2019s most populous nation is already the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025.<\/p>\n
The two countries have set a trade target of $20 billion to be achieved by 2030.<\/p>\n
With China holding a near-monopoly on rare earths production, some countries are seeking alternative sources.<\/p>\n
Rishabh Jain, an expert with the Delhi-based Council on Energy, Environment and Water think tank, said India\u2019s growing cooperation with Brazil on critical minerals complements recent supply chain engagements with the United States, France and the European Union.<\/p>\n
While these partnerships grant India access to advanced technologies, finance and high-end processing capabilities, \u201cGlobal South alliances are critical for securing diversified, on-ground resource access and shaping emerging rules of global trade,\u201d Jain said.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: India\u2019s Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva are set to meet in New Delhi on Saturday, seeking to boost cooperation on critical minerals and rare earths. Brazil has the world\u2019s second-largest reserves of these elements, which are used in everything from electric vehicles, solar panels and smartphones …<\/p>\n","protected":false},"author":4,"featured_media":94086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-94067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=94067"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94067\/revisions"}],"predecessor-version":[{"id":94087,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/94067\/revisions\/94087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/94086"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=94067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=94067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=94067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}