- India and the US signed an agreement to strengthen supply chains for lithium, cobalt, and other critical minerals.
- The MOU aims to build resilience in the sector, focusing on exploration, extraction, processing, and recycling.
- Goyal emphasized the need for open supply chains and third-country engagement, including Africa and South America.
- The deal falls short of a full trade agreement, unlike the US-Japan deal.
- India currently imports 100% of its critical minerals, with China as a key supplier.
Source: Hindustan Times, The Hindu
