U.S. and India Sign MoU to Strengthen Critical Minerals Supply Chains

The agreement aims to reduce dependence on China and enhance cooperation in semiconductor and clean energy sectors.

U.S. Commerce Secretary Gina Raimondo and Indian Trade Minister Piyush Goyal signed the MoU in Washington during the 6th U.S.-India Commercial Dialogue.
The agreement focuses on building resilient supply chains for critical minerals like lithium and cobalt, essential for electric vehicles and clean energy.
Both countries aim to leverage their complementary strengths to expand exploration, extraction, and processing of critical minerals.
The MoU is part of broader discussions that include semiconductor supply chains, innovation partnerships, and clean energy markets.
Plans include extending cooperation to third countries, especially in mineral-rich regions of Africa and South America.