Both countries are expanding their reach for mineral resources on an international scale.
India and the United Arab Emirates (UAE) aim for closer cooperation in securing critical raw materials. On Tuesday, a Memorandum of Understanding (MoU) was signed between the UAE’s International Resources Holding and an Indian consortium. The specific goals include identifying, acquiring, and developing projects for critical minerals on a global level, including in India, according to a statement from International Resources Holding. The company focuses on African countries, specializing in extracting and processing copper, cobalt, and lithium. However, the UAE also has an interest in Australia’s mineral resources. A free trade agreement could facilitate investments in the Australian mining sector, which may be finalized later this year (we reported). India is also pursuing such an agreement with Australia while simultaneously looking into resource deposits in regions like South America.
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