Brazil and India sign new trade agreement on critical minerals and rare earth metals

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Brazil and India sign new trade agreement on critical minerals and rare earth metals
Photo: Manish Swarup /AP/TT

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India and Brazil have signed an agreement on critical minerals and rare earth metals, the two countries announced after a meeting in New Delhi.

From the Indian perspective, the agreement is seen as a way to break dependence on China. Brazil has the world's second-largest reserves of critical minerals, which can be used in everything from the manufacture of electric cars to solar panels and mobile phones.

For Brazil, India is the tenth-largest export market. Products exported to India include sugar, crude oil and cotton.

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TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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