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Indian Prime Minister Narendra Modi has said India is ready to broaden and diversify trade ties with partners, aiming for economic growth and reduced market dependence. The move could open new opportunities for Indian businesses in sectors like technology and renewable energy.
G7 leaders have committed to diversifying global critical mineral supply chains to reduce dependence on a few countries. The joint statement released June 16 stresses building transparent, sustainable and reliable supply chains. The group also vowed to boost investment in domestic mining and processing and to support fair participation by developing countries.
The G7 has agreed to reduce dependence on a single supplier for critical minerals, aiming to enhance economic security and mitigate geopolitical risks. The deal focuses on diversifying sources of lithium, cobalt, nickel, and rare earths, key materials for green technologies.
