Times of Suriname Logo
Times of Suriname Logo

Engels

Brazil, India eye critical minerals deal as leaders meet

INDIA - India's Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva are set to meet in New Delhi on Saturday,...

Times of Suriname

seeking to boost cooperation on critical minerals and rare earths. Brazil has the world's second-largest reserves of these elements, which are used in everything from electric vehicles, solar panels and smartphones to jet engines and guided missiles. India, seeking to cut its dependence on top exporter China, has been expanding domestic production and recycling while scouting for new suppliers.

Lula, heading a delegation of more than a dozen ministers as well as business leaders, arrived in New Delhi on Wednesday for a global summit. Officials have said that in talks with Modi on Saturday, the two leaders are expected to sign a memorandum on critical minerals and discuss efforts to increase trade links. The world's most populous nation is already the 10th largest market for Brazilian exports, with bilateral trade topping $15 billion in 2025. The two countries have set a trade target of $20 billion to be achieved by 2030.

With China holding a near-monopoly on rare earths production, some countries are seeking alternative sources. Rishabh Jain, an expert with the Delhi-based Council on Energy, Environment and Water think tank, said India's growing cooperation with Brazil on critical minerals complements recent supply chain engagements with the United States, France and the European Union. While these partnerships grant India access to advanced technologies, finance and high-end processing capabilities, "Global South alliances are critical for securing diversified, on-ground resource access and shaping emerging rules of global trade", Jain told AFP. (Bssnews)

Gerelateerde Artikelen

Engels

Lebanon says 12 dead in Israeli strikes on east, south

LEBANON - Lebanon said Israeli strikes on the country's east and south killed 12 people on Friday,...

Buitenland

Moeder en kind in India levend verbrand na beschuldiging  hekserij

INDIA - In India zijn vier mensen opgepakt die verdacht worden van het verbranden van een moeder en haar kind.

Binnenland

Achterstand geslachtsnaamwijzigingen moet binnen drie maanden zijn weggewerkt

PARAMARIBO - De achterstand in de afhandeling van verzoeken tot geslachtsnaamwijziging moet binnen drie maanden volledig zijn ingelopen, zegt minister van Justitie en Politie Harish Monorath.

Buitenland

Wereldberoemde Sagrada Familia bereikt 144 jaar na start bouw hoogste punt

BARCELONA - De wereldberoemde basiliek Sagrada Familia in Barcelona heeft 144 jaar na de start...