India and the United States have taken a big step to secure important minerals like lithium and cobalt, which are essential for making electric vehicles (EVs) and supporting clean energy. On Friday, India announced that both countries signed an agreement to “expand and diversify” their supply chains for these critical materials. The goal? To reduce their reliance on China, which currently controls most of the world’s supply of these minerals.
The agreement, signed by Indian Commerce Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo, took place during Goyal’s visit to Washington. The deal aims to build stronger, more reliable supply chains by combining the strengths of both countries. They want to find better ways to explore, mine, process, and refine these critical minerals.
Why is this so important? Lithium, cobalt, and similar minerals are the backbone of the green energy economy. They are key to manufacturing electric vehicle batteries and other clean techn...
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