Quad launches major initiative to steady supply of critical minerals
The decision on rolling out the "Quad Critical Minerals Initiative" was announced after a meeting of foreign ministers of the member nations of the grouping in the US capital on Tuesday.
A readout of the meeting said the new initiative is an "ambitious expansion" of the Quad partnership to strengthen economic security and collective resilience by collaborating on securing and diversifying critical mineral supply chains.
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.
"This new flagship initiative, alongside the high-impact programmes and outcomes the Quad is realising, will enable our four countries to bring economic opportunity and prosperity to our people and the region," it said.
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