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The Economic Times
The Economic Times
Business

Aiming at China, Quad announces massive USD 20 bn critical minerals framework

Quad United States China Supply chain Economic Growth

New Delhi: The Quad on Tuesday launched a critical minerals cooperation framework, pledging up to USD 20 billion in public and private capital to bolster supply chains while voicing "grave concerns" over "economic coercion", in a veiled reference to China's export control regime in the sector.

The framework on critical minerals was finalised at a meeting of the grouping's foreign ministers in New Delhi, chaired by External Affairs Minister S Jaishankar and attended by US Secretary of State Marco Rubio, Australian Foreign Minister Penny Wong, and Japanese Foreign Minister Toshimitsu Motegi.

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