critical

Indian Prime Minister Modi hailed the agreement on critical minerals and rare earths as a ‘major step towards building resilient supply chains’. 

Brazil and India have signed an agreement to boost cooperation on critical minerals and rare earths, as the Indian government seeks new suppliers to curb its dependence on China.

Brazilian President Luiz Inacio Lula da Silva met Indian Prime Minister Narendra Modi in New Delhi on Saturday and discussed boosting trade and investment opportunities.

Modi said in a statement that the agreement on critical minerals and rare earths was a “major step towards building resilient supply chains”.

China dominates the mining and processing of the world’s rare-earth and critical minerals, and has increased its grip on exports in recent months as the United States attempts to break its hold on the growing industry.

Still, for Brazil, which follows China as the world’s second-largest holder of critical minerals, its resources are used across a range of fields, including electric vehicles, solar panels, smartphones, jet engines, and guided missiles.

In a statement, Lula said, “increasing investments and cooperation in matters of renewable energies and critical minerals is at the core of the pioneering agreement that we have signed today.”

While few details have emerged about the mineral deal so far, demand for iron ore, a material for which Brazil is the second-largest producer and exporter after Australia, in India has grown amid rapid infrastructure expansion and industrial growth.

Rishabh Jain, an expert with the New Delhi-based Council on Energy, Environment and Water think tank, told the AFP news agency that India’s growing cooperation with Brazil on critical minerals follows recent supply chain engagements with the US, France and the European Union.

“Global South alliances are critical for securing diversified, on-ground resource access and shaping emerging rules of global trade”, Jain told AFP.

Trade agreements

India’s Foreign Ministry spokesperson announced that, along with the critical minerals and rare earths deal, nine other agreements were signed, including a memorandum of understanding that ranged from digital cooperation to health.

Moreover, Modi called Brazil India’s “largest trading partner in Latin America”.

“We are committed to taking our bilateral trade beyond $20bn in the coming five years,” he said.

“Our trade is not just a figure, but a reflection of trust,” Modi said, adding that “When India and Brazil work together, the voice of [the] Global South becomes stronger and more confident.”

India’s Foreign Minister Subrahmanyam Jaishankar also said he was confident that Lula’s talks with Modi “will impart a new momentum to our ties”.

According to the Observatory of Economic Complexity (OEC) in 2024, Indian exports to Brazil reached $7.23bn, with refined petroleum being the main export. On the other hand, Brazilian exports to India reached $5.38bn, with raw sugar being the main export.

Feb. 16 (UPI) — California Gov. Gavin Newsom announced an agreement with Britain on Monday that will bring $1 billion in investments into his state.

The climate agreement sets a framework for British companies to expand their access to California’s market and for cooperation on decarbonization and clean energy technology.

British energy company Octopus Energy is among the companies that will expand its access in California. It has committed nearly $1 billion to clean energy companies and projects based in California. Newsom announced the partnership after meeting with British Energy Secretary Ed Miliband in London.

“California is the best place in America to invest in a clean economy because we set clear goals and we deliver,” Newsom said in a statement.

“Today, we deepened our partnership with the United Kingdom on climate action and welcomed nearly a billion dollars in clean tech investment from Octopus Energy. California will continue showing the world how we can turn innovation and ambition into climate action.”

Newsom visited Octopus Energy’s headquarters in London during his trip.

California has climate agreements with several countries around the world. During the 2025 United Nations Climate Change Conference, it entered new partnerships with Chile, Colombia, Nigeria and Brazil.

President Donald Trump criticized the new agreement between California and Britain on Monday, saying it was “inappropriate” for the two sides to be working with each other.

“The worst thing that the U.K. can do is get involved in Gavin,” Trump told POLITICO. “If they did to the U.K. what he did to California, this will not be a very successful venture.”

The Trump administration has rolled back federal climate-focused initiatives, most recently eliminating greenhouse gas emissions standards.

In a sweeping crackdown, Iranian security and judicial authorities have arrested several reformist politicians on charges of attempting to “disrupt the country’s political and social order” and working “for the benefit” of Israel and the US during recent protests.

US and Iranian officials are holding talks in Muscat amid escalating tensions and a US military buildup in the Gulf.

The United States has hosted its first critical minerals summit aimed at challenging China’s dominance of the global supply chain for rare earth elements. But political economist Stefan Zylinski warns that Global South countries are likely to bear the greatest cost from any plan conceived by the Global North.