End of China’s Monopoly? Trump to Pour $30 Billion into India to Build a New Global Mineral Hub!

In a move that could redefine the global geopolitical order, the United States has launched a massive initiative to position India as the world’s primary hub for critical minerals, effectively challenging China’s long-standing dominance. During the 2026 Critical Minerals Ministerial Meeting in Washington, attended by Indian External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio, a new 54-nation alliance was unveiled. This alliance marks a strategic shift from oil-driven power to mineral-driven dominance, focusing on rare earth elements essential for future technologies.
The Trump administration has committed a staggering $30 billion investment toward mining and refining critical minerals in India. With platforms like ‘FORGE’ and ‘Pax Silica,’ the US aims to divert the supply chain for semiconductors, Artificial Intelligence, and high-tech industries away from China—which currently controls 90% of the market—to trusted partners like India. This follows the recent economic boost where the US slashed tariffs on Indian goods from 25% to 18%. India is no longer just a consumer but is set to become a global processing powerhouse for Lithium, Cobalt, and rare earth metals. Experts believe that by securing these essential resources, India is fast-tracking its journey toward becoming a global superpower, leaving its competitors behind in the high-stakes tech race.