Indien und die USA unterzeichnen Absichtserklärung zur Zusammenarbeit bei kritischen Mineralien, um die Abhängigkeit von China zu verringern

Submission Statement:

India and the United States on Thursday signed a memorandum of understanding (MoU) to expand and diversify the critical minerals supply chain, with an aim to reduce dependence on China, during a bilateral commercial dialogue in Washington DC.

US VIEW:
A US commerce department release said the MoU was aimed at “leveraging” the complementary strength of both countries to ensure greater resilience in the critical minerals sector.

“Priority areas of focus include identifying equipment, services, policies, and best practices to facilitate the mutually beneficial commercial development of US and Indian critical minerals exploration, extraction, processing and refining, recycling, and recovery,” the US release said.

INDIA VIEW:
The Indian side sees the MoU as opening the doors for further research and development, access to advanced processing technologies in the sector, and eventually a bilateral agreement focused on critical minerals.

MINERAL SECURITY PARTNERSHIP:
India has also joined the Minerals Security Partnership, a US-led plurilateral effort of 14 countries and the European Union.

SIGNIFICANCE:

This strengthens critical minerals supply chains by enhancing collaboration between India and US.
This boosts the resilience and reliability of supply chains and thus reduces dependence from China.