Bad news for China! QUAD makes big plan to end Beijing's dominance in…, good news for India due to….
The decision on rolling out the 'Quad Critical Minerals Initiative' was announced after a meeting of foreign ministers of the member nations of the grouping in the US capital on Tuesday. QUAD's Action Plan On Critical Minerals
Critical minerals such as lithium, nickel and graphite are considered vital for high-end technology products, including electric vehicles (EVs), drones, and battery storage. China has been a dominant player in the critical minerals supply chain globally.
The meeting was attended by External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio, Australian Foreign Minister Penny Wong and her Japanese counterpart Takeshi Iwaya.
In a joint statement, the Quad foreign ministers expressed 'deep concern' over the 'abrupt constriction and future reliability' of key supply chains, specifically for critical minerals, remarks which are seen as directed at China.
The ministers unveiled a broader agenda covering four areas: maritime and transnational security, economic prosperity and security, critical and emerging technologies, and humanitarian assistance and emergency response. What's Quad's Next Plan?
The Quad said it is committed to advance a free and open Indo-Pacific and is aiming to strengthen energy security across the region besides promoting resilient supply chains and quality infrastructure projects that are transparent and secure.
It was also announced that the grouping will formally launch the 'Quad Ports of the Future Partnership' by hosting a transportation and logistics conference with Indo-Pacific partners in Mumbai in October 2025.
A readout of the foreign ministerial meeting said the new initiative on critical minerals is an 'ambitious expansion' of the Quad partnership to strengthen economic security and collective resilience by collaborating on securing and diversifying critical mineral supply chains.
'Today, Quad Foreign Ministers are proud to announce the launch of the Quad Critical Minerals Initiative, an ambitious expansion of our partnership to strengthen economic security and collective resilience by collaborating on securing and diversifying critical mineral supply chains,' it said.
'This new flagship initiative, alongside the high-impact programmes and outcomes the Quad is realising, will enable our four countries to bring economic opportunity and prosperity to our people and the region,' it said.
In a joint statement, the Quad foreign ministers expressed 'deep concern' over use of non-market policies and practices for critical minerals and mineral processing technology.
'We underscore the importance of diversified and reliable global supply chains. Reliance on any one country for processing and refining critical minerals and derivative goods production exposes our industries to economic coercion, price manipulation, and supply chain disruptions, which further harms our economic and national security,' they said.
A fact-sheet unveiled at the end of the meeting said the Quad is expanding maritime law enforcement cooperation which will support efforts to curtail illicit maritime activity, including piracy, drug trafficking, infringements on border security, and illegal, unreported, and unregulated fishing.
(With Inputs From PTI)
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