During the G20 Summit in Johannesburg, Prime Minister Narendra Modi proposed a new global Critical Minerals Circularity Initiative . This initiative aims to strengthen the global supply chain resilience for key minerals like lithium, cobalt, and rare earth elements, which are vital for clean energy technologies (EVs, solar panels). The proposal emphasizes the necessity of recycling, urban mining, and second-life battery use. The strategic goal of the initiative is to reduce the world's current over-reliance on China for the processing and supply of these critical raw materials, promoting sustainable and diversified sourcing, particularly for Global South nations.
📚 Test Your Knowledge:
The Critical Minerals Circularity Initiative proposed by India at G20 targets which key mineral sector?
Correct Answer: Lithium, Cobalt, and Rare Earth Elements