
BRICS leaders called for deeper economic cooperation and alternative trade corridors to enhance self-reliance amid rising sanctions and trade restrictions.
The bloc commands about 85 percent of global rare earth reserves, with China holding 48.9 percent and India accounting for 7.7 percent according to 2025 USGS data.
BRICS countries also hold approximately 40.7 percent of proven global oil reserves and account for 57.4 percent of global food production.