+
India Seeks Global Pacts To Secure Critical Minerals
COAL & MINING

India Seeks Global Pacts To Secure Critical Minerals

Commerce and Industry minister Piyush Goyal said India is in talks with a number of countries to enhance collaboration and partnerships for the processing and development of critical minerals to meet domestic requirements. He said the government plans to pursue free trade agreements to improve access to minerals deemed essential for resilient supply chains in strategic sectors. The minister indicated that these discussions form part of a broader effort to secure raw materials necessary for advanced manufacturing.

He noted that India is a member of the United States (US)-led strategic initiative Pax Silica, launched in December 2025, which seeks to secure global supply chains for semiconductors, artificial intelligence infrastructure and critical minerals. The initiative brings together like-minded democracies to diversify sources and strengthen processing capacity outside a single geography. Goyal said the alliance is intended to reduce the risk that any one producer could disrupt markets or weaponise trade.

The minister underlined that critical minerals include lithium, cobalt and nickel used in batteries; rare earth elements required for magnets in electric vehicles and wind turbines; and elements such as gallium and germanium important for semiconductors and advanced technologies. He emphasised that production and processing of several of these minerals remain concentrated in a small number of countries, with China a dominant player in many value chains. That concentration, he said, creates supply vulnerabilities for manufacturers and tech sectors across the world.

Securing reliable access to these inputs is therefore central to India's strategy to reduce supply chain vulnerabilities, support domestic manufacturing and accelerate the clean energy transition. Goyal said the government is in dialogue with partners in the United Kingdom (UK) and Europe about building resilient supply chains and intends to use trade pacts to widen access. Addressing the Automotive Component Manufacturers Association annual session, he added that the US and India are collaborating on critical mineral partnership efforts to ensure fair trade practices among democratic partners.

Commerce and Industry minister Piyush Goyal said India is in talks with a number of countries to enhance collaboration and partnerships for the processing and development of critical minerals to meet domestic requirements. He said the government plans to pursue free trade agreements to improve access to minerals deemed essential for resilient supply chains in strategic sectors. The minister indicated that these discussions form part of a broader effort to secure raw materials necessary for advanced manufacturing. He noted that India is a member of the United States (US)-led strategic initiative Pax Silica, launched in December 2025, which seeks to secure global supply chains for semiconductors, artificial intelligence infrastructure and critical minerals. The initiative brings together like-minded democracies to diversify sources and strengthen processing capacity outside a single geography. Goyal said the alliance is intended to reduce the risk that any one producer could disrupt markets or weaponise trade. The minister underlined that critical minerals include lithium, cobalt and nickel used in batteries; rare earth elements required for magnets in electric vehicles and wind turbines; and elements such as gallium and germanium important for semiconductors and advanced technologies. He emphasised that production and processing of several of these minerals remain concentrated in a small number of countries, with China a dominant player in many value chains. That concentration, he said, creates supply vulnerabilities for manufacturers and tech sectors across the world. Securing reliable access to these inputs is therefore central to India's strategy to reduce supply chain vulnerabilities, support domestic manufacturing and accelerate the clean energy transition. Goyal said the government is in dialogue with partners in the United Kingdom (UK) and Europe about building resilient supply chains and intends to use trade pacts to widen access. Addressing the Automotive Component Manufacturers Association annual session, he added that the US and India are collaborating on critical mineral partnership efforts to ensure fair trade practices among democratic partners.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code