GMDC’s stock moved higher on February 20, 2026, following India’s formal entry into the US Led Pax Silica strategic coalition, a partnership focused on securing critical mineral and artificial intelligence supply chains.
On February 20, 2026, GMDC closed at ₹580.7, reflecting a 3.5% increase from the previous session. The rise coincided with a signing ceremony at the AI Impact Summit where Union Minister Ashwini Vaishnaw and US envoy Sergio Gor witnessed India’s accession to the alliance. Shares of Orissa Minerals Development Company Ltd also rose, trading up nearly 2% on the same day.
Pax Silica was launched in December 2025 to build a resilient, innovation‑driven supply chain for critical minerals and artificial intelligence.
The founding members include Australia, Greece, Israel, Japan, Qatar, Republic of Korea, Singapore, United Arab Emirates and the United Kingdom.
The alliance seeks to coordinate raw material extraction, semiconductor production, and AI infrastructure across partner nations.
Read More: India and France Sign Declaration on Critical Minerals Collaboration!
The inclusion of India adds a major source of rare earths and other strategic minerals to the coalition, enhancing the collective ability to meet growing demand for AI hardware.
The declaration highlights that a reliable supply chain is essential for mutual economic security and that trustworthy AI systems are vital for safeguarding shared prosperity.
One of the key pillars of Pax Silica is to establish a durable economic order that supports AI‑powered growth across member economies.
As of February 20, 2026, at 11:35 AM, Gujarat Mineral Development share price on NSE was trading at ₹578.60 up by 3.16% from the previous closing price.
GMDC’s share price reaction reflects market acknowledgement of India’s participation in the Pax Silica alliance, which aims to strengthen critical mineral availability and AI supply chain resilience. The development underscores the strategic importance of domestic mineral producers within the broader international framework.
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Published on: Feb 20, 2026, 12:46 PM IST
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