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Wednesday, February 28, 2024
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Modi urges mineral-rich nations to prioritize global resource protection

Indian PM Modi warns of potential “new colonialism” if mineral-rich nations don’t recognize global responsibility in protecting critical resources, essential for energy transition goals.

Speaking at a Business 20 summit, Modi emphasized the need for shared custodianship, highlighting the risk of uneven supplies.

China’s dominance in rare earths production and export restrictions also raise concerns.

Modi aims for India to establish a resilient supply chain, forging diverse partnerships with the US among various sectors.

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