A deal that has shook the geopolitics from all over Asia. China’s biggest enemy Taiwan has placed an offer in front of India that can completely change India from energy to electronics and defense construction in the coming times. India is getting the strength to make semiconductor on one side through rare minerals i.e. rare minerals. On the other hand, China’s monopoly is also breaking. This friendship between India and Taiwan will not only be an economic deal but also a strategic gamechanger.
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China is the world’s largest player in Permanent Magnet, and Rare Earth Minerals. It is needed everywhere by electronic, defense and energy sector. Earlier this year, China stopped the supply chain. There was a stir in the world. All countries from America to Europe started looking for backups. China has the highest reserves and technology is also there. India has the third largest reserves in the world. The figure of 6.9 million tonnes of rare economy is less than China and Brazil. But Russia, America, Vatiman, is much more than Greenland.
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Why rare meanings are important
Rare Earth Minerals are the backbone of permanent magnets, which are extremely important for advanced electronics. China created global concern by disrupting the supply chain of rare soil magnets earlier this year. Beijing controls most of the reserves of the world and has established its dominance over the refinement and production technology. The estimated 6.9 million metric tons in the night have rare soil reserves. It is the third largest reserves in the world, which lag only from China and Brazil. Other countries with important stores include Australia, Russia, Vietnam, the United States and Greenland. Despite the resource, India has not yet developed a large -scale technology to process minerals into magnets, making the supply chain unsafe.
India’s increasing dominance over important minerals
New Delhi is now taking steps to meet this shortage. Through the Ministry of Mines, it is working to create a safe supply chain for important minerals. Rat has associated himself with international structures such as mineral safety partnership, Hind-Pacific Economic Straits and Initiatives on Important and Emerging Technologies. Railway companies are also being encouraged to expand the permanent magnet production in India.
Win for both sides
Analysts say the agreement indicates long -term strategic victory. India can proceed in the global semiconductor race by taking advantage of its mineral wealth. Taiwan will get stability in its supply chain and a reliable partner in South Asia. This result can prove to be a significant turn in the field of technology, trade and security for both countries.