External Affairs Minister Dr S. Jaishankar emphasized India’s backing for organized global collaboration to mitigate risks in critical mineral supply chains. Speaking at the Critical Minerals Ministerial in Washington, Jaishankar highlighted the vulnerabilities stemming from excessive concentration in these chains. He stressed the importance of reducing risks through coordinated efforts among nations, citing India’s initiatives like the National Critical Minerals Mission and Rare Earth Corridors.
Vice President J.D. Vance called for collective action to reshape the global critical minerals market, noting the essential role of these minerals in modern economies. Vance underscored the fragility and high concentration of current supply chains, emphasizing the need for stability and long-term investment. He proposed the establishment of a preferential trade zone for critical minerals among allies and partners to ensure stable prices and support private financing.
Secretary of State Marco Rubio echoed the significance of critical minerals for national security and daily device usage. Rubio highlighted President Donald Trump’s executive order to enhance domestic mining and strengthen supply chains. He emphasized ongoing efforts, including securing critical mineral agreements and partnerships to bolster supply chains. Rubio stressed the necessity of reopening mines and factories to advance technologies like artificial intelligence.
