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With reference to the Critical minerals, consider the following statements:
1. India and Australia decided to strengthen their partnership in the field of projects and supply chains for critical minerals.
2. Critical minerals are elements that are the building blocks of essential modern-day technologies, and are at risk of supply chain disruptions.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Critical minerals, consider the following statem...
The correct answer is option 'C' - Both 1 and 2.

Explanation:
1. India and Australia decided to strengthen their partnership in the field of projects and supply chains for critical minerals:
India and Australia have indeed decided to strengthen their partnership in the field of projects and supply chains for critical minerals. This was announced during a virtual summit between the Prime Ministers of India and Australia in June 2020. The two countries agreed to establish a framework for cooperation on critical minerals, including the exchange of information and expertise, joint research projects, and supply chain development. This partnership aims to ensure a reliable and diversified supply of critical minerals for both countries.

2. Critical minerals are elements that are the building blocks of essential modern-day technologies, and are at risk of supply chain disruptions:
Critical minerals are indeed elements that are the building blocks of essential modern-day technologies and are at risk of supply chain disruptions. These minerals are essential for various industries such as electronics, renewable energy, defense, and telecommunications. They are used in the production of high-tech devices like smartphones, electric vehicles, wind turbines, solar panels, and advanced military equipment. The supply of critical minerals is crucial for the development of these industries, and any disruption in the supply chain can have significant economic and strategic implications.

By strengthening their partnership in the field of critical minerals, India and Australia aim to ensure a stable and secure supply of these minerals, reducing their dependence on a single source and mitigating the risks of supply chain disruptions. This collaboration will not only benefit both countries but also contribute to the global supply of critical minerals and promote sustainable development in this sector.
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Community Answer
With reference to the Critical minerals, consider the following statem...
India and Australia decided to strengthen their partnership in the field of projects and supply chains for critical minerals.
  • Critical minerals are elements that are the building blocks of essential modern-day technologies, and are at risk of supply chain disruptions.
  • These minerals are now used everywhere from making mobile phones, computers to batteries, electric vehicles and green technologies like solar panels and wind turbines. Based on their individual needs and strategic considerations, different countries create their own lists.
  • However, such lists mostly include graphite, lithium and cobalt, which are used for making EV batteries; rare earths that are used for making magnets and silicon which is a key mineral for making computer chips and solar panels.
  • Aerospace, communications and defence industries also rely on several such minerals as they are used in manufacturing fighter jets, drones, radio sets and other critical equipment.
  • As countries around the world scale up their transition towards clean energy and digital economy, these critical resources are key to the ecosystem that fuels this change.
Hence both statements are correct.
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With reference to the Critical minerals, consider the following statements:1. India and Australia decided to strengthen their partnership in the field of projects and supply chains for critical minerals.2. Critical minerals are elements that are the building blocks of essential modern-day technologies, and are at risk of supply chain disruptions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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