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Brics to take up rare earth export curb issue at leaders summit in July
Puja Das New Delhi
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The July summit of Brics, which has China as a member, will take up the country's restrictions on exporting rare-earth magnets, according to a top official.
Export curbs on rare-earth magnets by China, imposed on April 4, have halted supplies across the globe.
Apart from China, the grouping comprises Brazil, Russia, India, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia.
China controls around 70 per cent of the mining output of global rare-earth elements (REE) and accounts for about 90 per cent of the world's processing and refining of such products.
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Hindustan Times
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Delhi's multilateralism plank needs tweaking
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First Post
6 hours ago
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Lithium, hydrocarbons, uranium…: Critical mineral reserves in countries PM Modi visits on 5-nation tour
As the global race for resources intensifies, Prime Minister Modi's five-nation tour signals India's resolve to secure its economic future through strategic mineral diplomacy read more As India sharpens its focus on securing critical minerals to drive its green energy and industrial ambitions, Prime Minister Narendra Modi's ongoing five-nation tour holds profound strategic significance. His visits to Ghana, Trinidad & Tobago, Argentina and Namibia — each rich in key mineral and energy resources — highlight India's evolving mineral diplomacy. This diplomatic offensive is geared toward building long-term partnerships in sectors such as lithium mining, hydrocarbons, uranium supply and rare earth elements, ensuring sustainable access to the raw materials needed for India's technological transformation. STORY CONTINUES BELOW THIS AD Apart from the four countries mentioned above, Prime Minister Modi's itinerary also includes Brazil, where he will travel from July 5 to 8. 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Economic Times
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Laying BRICS for highrise growth
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There is a proposal to establish a clean energy fund within the New Development Bank. BBC is also working on a BRICS Energy Skills Atlas to ensure that human resource development keeps pace with the upcoming green infrastructure. It is also important because emerging sectors like solar, wind, and hydrogen will create a lot of jobs. The council stresses sustainable finance. The recently constituted BRICS Sustainable Development Network promotes green investments, ESG compliance, and improved financial access for SMEs, which are crucial drivers of inclusive growth. Besides, it provides an interface to experts, businesspersons, and policymakers. The council has also recommended better air connectivity among BRICS nations, which will significantly boost trade, tourism, and people-to-people exchanges. It has suggested a green transition in manufacturing. This can be done by embracing circular economy principles and adopting advanced decarbonization technologies. This shift will be supported through technical cooperation and focused investments aimed at accelerating the energy transition and building climate-resilient sustainability, BBC is working on enhancing trade and logistics infrastructure, expanding skills training, boosting cooperation in the digital economy, and improving trade facilitation measures like paperless transactions. The council also continues to push for increased trade in local currencies to reduce transaction costs and strengthen intra-BRICS trade. However, realizing this vision requires extensive coordination on payment systems, financial regulations, and policy these multi-faceted efforts, BBC is actively shaping a more resilient, sustainable, and integrated economic future for its members. This is accompanied by the empowerment of women and the promotion of women-led businesses. In this context, the emergence of the BRICS Women's Business Alliance (WBA) as a dynamic platform was hardly surprising. Established in 2020 during Russia's Presidency of BRICS, WBA seeks to create meaningful opportunities for women across member countries. WBA plays a pivotal role in enhancing women's economic participation by unlocking cross-border business opportunities, facilitating collaboration among women entrepreneurs, encouraging knowledge sharing, and supporting capacity-building initiatives. Through these efforts, WBA helps women scale their businesses, access financing, and integrate more effectively into global value the years, WBA has broadened its focus, intensifying dialogue across six strategic areas of cooperation: innovative development, healthcare, food security and environmental safety, creative industries, tourism, and inclusive economy. One of its flagship initiatives is BRICS Women's Startups Contest, which encourages and supports women-led businesses across six critical sectors: healthcare; agriculture and food security; education and skill development; energy, infrastructure, and mobility; commerce, services, and digital transformation; and sustainable development and climate solutions. The contest caters to businesses at various growth stages, from MVP/prototype to early traction and scale-up, providing them with valuable visibility and growth important milestone in promoting women's entrepreneurship within BRICS was the WEFORUM, an international conference dedicated to creating opportunities for female entrepreneurs. The latest edition was held in March in Brazil, marking the fourth successful gathering since its inception in 2022. WEFORUM has grown into a key platform for bringing together CEOs, COOs, policymakers, and business leaders from across the globe to collectively advance the cause of women's entrepreneurship and leadership. The 2025 conference attracted over 1,000 participants and representatives from at least 10 symbolises cooperation, resilience, and shared future growth. Having grown in the last few years, it has the potential to script the growth story of a large part of humankind. The writer is DG, FICCI. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Can this cola maker get back bubble valuation pricked by Ambani? Darkness at noon: Can this reform succeed after failing four times? 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