Last time, during the Indian Prime Minister Narendra Modi’s visit to Brazil in July 2025, the two nations sealed a renewable energy partnership, and now, on the occasion of the Brazilian President's visit to India, they exchanged words over critical minerals supply, alongside setting an ambitious USD 20 billion bilateral trade target by 2030.

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Luiz Inácio Lula da Silva and Narendra Modi met on Saturday in New Delhi and talked about enhancing their collaboration on rare earth elements and essential minerals, which Brazil boasts of having the world’s second-largest resources. 

For India, it is a strategic deal as the country has been looking for alternative suppliers to reduce its reliance on China for critical mineral sources. 

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Officials familiar with the news said that the leaders are expected to sign a memorandum of understanding focused on critical minerals and explore ways to expand bilateral trade, which already exceeded USD 15 billion in 2025, making India the 10th largest market for Brazilian exports.

Rishabh Jain, a policy analyst at the Council on Energy, Environment and Water, noted that India’s deepening collaboration with Brazil complements its recent supply-chain partnerships with the United States, France and the European Union.

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