February 24, 2026–Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)–Brazilian President Luiz Inacio Lula travelled to New Delhi to meet India’s Prime Minister Narendra Modi to close new economic and political agreements between the BRICS nations. The leaders agreed to boost bilateral trade from US$15 billion in 2025 to US$20 billion by 2030, aiming for US$30 billion in the future.
The visit included two memoranda of understanding (MoU): one on cooperation in rare earths and critical minerals, and another on steel mining and supply chain cooperation.
