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Supply Chain Diversification

All articles tagged with #supply chain diversification

world13 days ago•2 min saved

India and Brazil sign critical minerals pact to diversify supply chains away from China

India and Brazil signed a pact to boost cooperation on critical minerals and rare earths to diversify away from China, with Modi calling it a major step toward resilient supply chains and Lula stressing renewed energy and mineral collaboration. The nine additional agreements span digital cooperation and health as the two nations aim to push bilateral trade beyond $20 billion in five years. Brazil, a major critical minerals producer, supports a wide range of industries, while India looks to broaden its supplier base after engaging with the US, France, and the EU. 2024 trade data show India’s exports to Brazil at $7.23 billion (refined petroleum main export) and Brazil’s exports to India at $5.38 billion (raw sugar main export).

via Al Jazeera|

#china-dependency #critical-minerals #india-brazil-relations

business4 months ago•4 min saved

US and Asia Forge New Deals to Reshape Rare Earth and Critical Minerals Supply Chains

US President Trump has signed multiple deals with Asian countries to diversify and reduce dependence on China's dominance in the rare earths sector, crucial for modern manufacturing. While these agreements mark a strategic shift, building new processing capacity outside China is costly and time-consuming, and China's control over processing remains significant. The efforts are a step in the ongoing US-China rivalry, but overcoming China's entrenched position will require years of investment and regulatory challenges.

via BBC|

#business #china-dominance #mining-and-processing

world8 months ago•2 min saved

Quad nations commit to diversifying critical minerals and addressing regional security concerns

The US, Japan, India, and Australia have formed the Quad Critical Minerals Initiative to diversify supply chains and reduce reliance on China for key minerals, amid regional security concerns and China's dominance in resources vital for technology and electric vehicles.

via The Guardian|

#asia-geopolitics #china-dependence #critical-minerals

technology2 years ago•1 min saved

KLA Corp. Surpasses Revenue Estimates in Q1 Amid AI Boom

Chip-making tools maker KLA Corp expects first-quarter revenue and profit to surpass Wall Street estimates, driven by increased investments in artificial intelligence (AI). The company is benefiting from the growing demand for AI tools and the need for chipmakers to diversify their supply chains. KLA Corp shipped additional manufacturing tools to a Chinese memory customer due to export rule clarifications. The company's forecasted adjusted profit for the first quarter is $5.35 per share, higher than analysts' expectations of $4.75 per share. In the June quarter, 30% of KLA's revenue came from China and 21% from Taiwan.

via Reuters|

#ai #chip-making-tools #kla-corp