In the global chessboard of geopolitics, rare earth elements (REEs) are the new power pieces. Their strategic importance continues to escalate, especially for nations like India with a burgeoning technology sector. This is underscored by the Indian government’s recent unveiling of a list of 30 critical minerals integral to national security and active efforts to establish a domestic semiconductor manufacturing plant. Essential to hi-tech and renewable energy industries, REEs’ dominance by China—which controls over 80-90% of the global market—poses a significant challenge, leaving nations like India in an uncomfortable position of dependence on their eastern neighbor.
Read Full Article »