India's Narendra Modi At BRICS Warns Against Critical-Mineral 'Weaponization' as Great Powers Era 2.0 Takes Shape

Highlights

• Modi warned at the BRICS Summit that weaponizing technology and critical minerals could obstruct shared prosperity, with Xi Jinping present.
• Rare Earth Exchanges frames critical minerals as an industrial-age chokepoint analogous to the Strait of Hormuz, but harder to reroute than oil.
• The BRICS declaration called for diversified, resilient critical-mineral supply chains and sovereign control over mineral resources.
• India is pursuing a dual-track de-risking strategy, engaging both BRICS and the Quad while building domestic mineral processing capabilities.
• Investors are urged to track processing chokepoints—separation, metals, alloys, magnets—not just upstream mining assets.