Jaishankar Flags Risks Of China's Dominance In Critical Minerals

External Affairs Minister S Jaishankar joined US Secretary of State Marco Rubio and other foreign delegates at the inaugural Critical Minerals Ministerial in Washington on Thursday to chalk out plans to reduce China's dominance in the sector. India underlined the challenges of "excessive concentration" and the importance of de-risking supply chains through structured international cooperation, the minister said.

He also highlighted India's efforts towards greater resilience through initiatives including National Critical Minerals Mission, Rare Earth Corridors and responsible commerce and conveyed support to the Forum on Resource Geostrategic Engagement (FORGE) initiative on critical minerals.

The US hosted the inaugural forum bringing together delegations from over 50 countries to advance collaboration on securing and diversifying global critical mineral supply chains. Rubio said the initiative is meant to create a reliable global supply chains in critical minerals and processed and finished materials. FORGE will be chaired by South Korea through June and lead with actions to address ongoing challenges in the global critical minerals marketplace.