India, US Tackle China's Rare Earth Dominance at G7 Critical Minerals Meet

• Ashwini Vaishnaw attended the G7 Critical Minerals meeting in Washington D.C., hosted by US Treasury Secretary Scott Besant.
• The meeting aimed to strengthen the supply chain of critical minerals and reduce global dependence on China, which refines 70% of these minerals.
• Critical minerals include lithium, graphite, copper, cobalt, nickel, and rare earth elements, vital for national and economic security.
• India's participation is crucial for its 'Developed India' vision, especially for electronics, semiconductors, and electric vehicles.
• India launched the National Critical Mineral Mission (NCMM) in 2025 to achieve self-reliance in this sector.

Why It Matters: India and the US are collaborating to secure critical mineral supply chains and reduce China's global dominance.