Newsletter
During US Secretary of State Marco Rubio’s visit, the Quad nations comprising of India, the US, Japan, and Australia, unveiled a new critical minerals framework aimed at securing supply chains for minerals vital to EVs, batteries, semiconductors, AI, and clean energy.
The announcement sent Gujarat Mineral Development Corporation (GMDC) shares soaring over 5% on Tuesday. The state-run mining company has already surged nearly 91% over the past year and now commands a market value of around ₹22,000 crore.
Investors are betting that Indian mining companies could benefit as countries race to secure critical mineral access and reduce dependence on concentrated global supply chains.
As part of the initiative, the Quad plans to mobilise up to $20 billion in public and private investments across mining, processing, recycling, and energy security. The broader goal is to diversify mineral supply chains, reduce strategic vulnerabilities, and counter unfair trade practices.
Some background: the Quad, formally known as the Quadrilateral Security Dialogue, is a strategic alliance between India, the US, Japan, and Australia focused on security, technology, trade, and supply chains across the Indo-Pacific.
Rubio also announced a separate Quad Initiative on Indo-Pacific Energy Security, highlighting how critical minerals are rapidly becoming both an economic and geopolitical battleground.
