Trade deal was signed between India and Brazil on Saturday (21 February). This includes many things like technology, innovation, AI, digital technology and startup ecosystem. Brazilian President Luiz Inacio Lula da Silva came to India on a 4-day visit, along with a large delegation. Now the statement of Professor and well-known strategic thinker Brahma Chellaney has come on this deal between the two countries.
Brahma Chellaney said in a post on X on Saturday that China’s monopoly will now be challenged as India and Brazil have signed a new mineral agreement. He told that Brazil, the largest country in South America, has the world’s second largest reserve of rare minerals, about 21 million tonnes. Brazil ranks second after China in terms of rare minerals.
‘India will benefit from Brazil’s vast resources’
He further said that the bilateral agreement on critical minerals signed by President Lula in New Delhi aims to create a strong supply chain by linking Brazil’s vast resource base with India’s growing industrial demand and technological capabilities.
‘Brazil is a superpower in the mining sector’
Brahma Chellaney said that Beijing’s decision to suddenly ban the supply of rare minerals to India in April last year has prompted New Delhi to diversify its sources. Although Brazil has long been a mining powerhouse, it has only recently begun to increase rare earth minerals processing capacity in a serious effort to challenge the status quo globally.
He said that with the India-Brazil partnership, both the countries want to create a value chain that bypasses Chinese processing facilities and this agreement also includes cooperation on downstream processing technologies.
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