India’s Modi hails ‘new energy’ in push for Latin American minerals

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1. SS: Here’s a summary of the **Financial Times article** on India’s push for Latin American minerals:

   **Title**: *India’s Modi hails ‘new energy’ in push for Latin American minerals*

   – **Prime Minister Narendra Modi** is intensifying efforts to secure **critical minerals**—especially **lithium and copper**—from **Latin America** to meet India’s green energy goals.
   – Modi met **Chilean President Gabriel Boric** to discuss long-term mineral supply, focusing on the “lithium triangle” of **Argentina, Bolivia, and Chile**.
   – This push is tied to India’s goal of **net-zero emissions by 2070** and its ambition to have **30% electric vehicles by 2030**.
   – India recently hosted a Latin America-focused business summit and signed key deals, including between **Chile’s Codelco** and **India’s Hindustan Copper** and Adani Group.
   – India is also expanding diplomatic presence in the region, with new embassies in mineral-rich countries like Bolivia.
   – Deals include leasing **five lithium blocks in Argentina** through state-owned Khanij Bidesh India.
   – While India can’t match China’s scale in Latin America, its **demand for critical minerals** is becoming a top strategic priority.

2. China was already demographically, politically, and economically screwed. Now that the whole world is slowly realigning without them….

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