Modi’s Appeal at 17th BRICS Summit, Rio

Speaking at the BRICS summit in Rio de Janeiro on July 7–8, Prime Minister Narendra Modi emphasized the urgent need for BRICS nations to collaborate on securing supply chains for critical minerals such as lithium, nickel and graphite—essential for modern technologies like electric vehicles, drones, and battery systems.

Preventing Resource Weaponisation

Modi warned that no country should be allowed to exploit these strategic resources for “selfish gain or as a weapon.” He pointed to China’s dominance in rare earths and recent export curbs as examples, stressing that BRICS must build resilient and reliable supply systems 1.

Context: Global Mineral Supply Concerns

The call comes amid growing global anxiety over dependency on China, which currently controls a large share of critical mineral production and export. Recently, the Quad coalition also launched initiatives to diversify and secure mineral sources against economic coercion and price manipulation 2.

Link to Responsible AI and Tech Governance

PM Modi also emphasized the interconnected nature of secure mineral supply chains and robust technology governance. He urged BRICS countries to establish global standards for AI transparency, authenticity of digital content, and responsible innovation 3.

Modi’s Vision for BRICS and the Global South

Modi proposed strengthening the BRICS New Development Bank by emphasizing demand-driven financing and maintaining financial stability, countering unsustainable funding models. He advocated for new knowledge platforms, like a BRICS Science & Research Repository and Agricultural Research Platform, focused on assisting Global South nations 4.

Significance & Future Outlook

BRICS represents approximately 49.5% of the world’s population, contributing 40% of global GDP and 26% of global trade. Modi’s statements underline the bloc’s potential to shape secure, ethical tech and resource frameworks. He announced India’s upcoming AI Impact Summit as part of this global push 5.

Source: Cnbctv18