India Joins US-Led 'Pax Silica' Initiative for Alternative Critical Mineral Supply Sources

India has become a member of the 'Pax Silica' initiative, spearheaded by the United States, as confirmed by Commerce Minister Piyush Goyal. This initiative focuses on building resilient alternative supply chains for critical minerals, marking a major policy development for the mining industry. The establishment of new supply networks and production facilities is expected to influence the demand for mining equipment. This strategic move is part of a wider effort to ensure secure access to essential mineral resources. It is likely to foster greater investment and enhance technological cooperation within mining operations, positioning India more firmly in the global critical minerals landscape.