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New Delhi event highlights Japan's bid to deepen India ties on critical minerals
A New Delhi event marked Japan's initiative to strengthen ties with India regarding critical minerals and battery supply chains, involving 70 companies and discussions on electric vehicle battery production, in response to China's dominance in the sector.
Key points
- Event held in New Delhi for Japan-India cooperation on critical minerals.
- Co-hosted by Japanese ministries and the Japan External Trade Organization.
- 70 companies attended, addressing supply chain concerns due to China's dominance.
- Panel discussions focused on electric vehicle batteries, production, and recycling.
- Collaboration aims to enhance resilience in supply chains as India suspends critical resource exports to Japan amidst China's export controls.
Why it matters
- China's dominance in mineral processing has been a concern for global supply chains, especially with rising demands for EVs.
- The move reflects global trends in securing mineral resources amid geopolitical tensions.
- Japanese businesses aim to leverage advanced technologies for production scalability in India.
The event signifies a strategic shift for both Japan and India towards enhancing their resource security and economic cooperation, especially in the face of escalating competition for critical minerals.