By Admin 
The world’s power will now be determined not just by oil but by critical minerals. A big change has emerged in this direction. America has started forming a new international mineral group with 54 countries including India. Its purpose is to break the hold of China, which currently controls almost 90 percent of the supply of rare earths and essential minerals.
This announcement was made at the 2026 Critical Minerals Ministerial Meeting held in Washington. US Secretary of State Marco Rubio, Vice President JD Vance and Finance Minister Scott Besant attended this meeting. From the Indian side, Foreign Minister S. Jaishankar’s presence made it clear that India is going to be an important center of this new mineral alliance.
America will invest 30 billion dollars
Under this initiative, two big platforms have been created. The first is FORGE, which will replace the previous Minerals Security Partnership. Its objective is to make the price and supply of minerals secure and stable. At present its responsibility has been given to South Korea. The second platform is Pax Silica, which will work on diverting the supply of minerals required for semiconductor, artificial intelligence and high-tech industries from China to trusted countries. In this, India has been considered a strong pillar.
What is the big opportunity for India?
This is a big opportunity for India. Now India will not just be a country that buys minerals, but will also become a global center for cleaning and processing them. America has clearly said that it will invest about 30 billion dollars for mineral mining and refining in reliable partners like India instead of China.
America reduced tariffs
Before this, America reduced the tax on Indian products from 25 percent to 18 percent. With this, the export of products related to batteries, electronics and semiconductors made in India will increase rapidly. Apart from this, America has announced Project Vault, under which a strategic mineral reserve will be created so that the work of factories does not stop in case of any emergency. Experts believe that in the coming time, only that country will be a superpower, which will have a strong hold on minerals like lithium, cobalt and rare earth.