India Joins US-led Pax Silica Initiative; GMDC, NLC India, Nalco Shares Surge

• US Ambassador Sergio Gor announced India's inclusion in Pax Silica, a US-led rare earth association.
• Pax Silica is the US Department of State’s flagship effort on AI and supply chain security, aiming to reduce dependence on rival nations.
• GMDC, NLC India, and Nalco shares traded at a day's high following the announcement, recovering significantly from intraday lows.
• The initiative focuses on safeguarding the full technology supply chain, including critical minerals and advanced manufacturing.
• Other members of Pax Silica include Israel, Japan, South Korea, Singapore, Britain, and Australia; Qatar and UAE are also joining.

Why It Matters: India's entry into Pax Silica boosts its role in global tech supply chain security and positively impacts related stocks.