Moneycontrol
HomeWorldCan the Quad break China’s rare earth monopoly? Inside its new minerals initiative

MC EXPLAINER Can the Quad break China’s rare earth monopoly? Inside its new minerals initiative

India, the US, Japan, and Australia are joining hands to secure access to key minerals that power everything from EVs to smartphonesr, educing reliance on China.

July 02, 2025 / 21:22 IST
Story continues below Advertisement
The minerals initiative is part of a broader Quad push to strengthen economic and strategic cooperation

The Quad, a strategic grouping of India, the United States, Japan, and Australia, has launched a new initiative focused on critical minerals.

Called the Quad Critical Minerals Initiative, it was announced after a foreign ministers’ meeting in Washington, D.C., on July 1. The meeting was attended by External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio, Australian Foreign Minister Penny Wong and her Japanese counterpart Takeshi Iwaya.

Story continues below Advertisement

The initiative aims to build secure, diverse, and reliable supply chains for minerals that are essential to modern technologies, clean energy, and national defence, especially lithium, nickel, cobalt, and rare earth elements.

Why are these minerals so important?

Critical minerals are used in:

What’s the problem the quad is trying to solve?