Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

India aims to secure vital mineral resources in pursuit of lithium dominance

Reading Time: < 1 minute

India is ramping up efforts to secure access to critical minerals like lithium, as it races to compete with global rivals in the development of next-generation energy supply chains. The country is pushing state-owned mining groups to explore mineral reserves in South America and Africa, while also inviting bids for domestic mining blocks to support industries such as electric vehicles and renewables.

VL Kantha Rao, a secretary in India’s ministry of mines, highlighted the increasing importance of critical minerals due to technological advancements, growth, and climate goals. India plans to allocate half of its upcoming exploration projects to critical minerals like graphite, molybdenum, nickel, cobalt, lithium, and potash. The government also intends to announce successful bidders from a recent auction for 20 mining blocks next month.

In a strategic move, India acquired five lithium blocks in Argentina earlier this year and signed agreements with other countries like Australia to identify potential projects. Rao mentioned plans to explore opportunities in Chile, Bolivia, and various African nations for critical minerals projects.

Despite being a late entrant in the global race for critical minerals, India is earmarking significant subsidies for EV manufacturing, renewable technology, and electronics. The country’s efforts are part of a broader geopolitical competition to secure supplies crucial for next-generation energy technology.

While India faces stiff competition from countries like China, it is leveraging its vast mineral reserves, skilled labor force, and affordable energy to establish itself as a key player in the critical minerals space. With strategic partnerships and aggressive exploration efforts, India aims to strengthen its position in the global supply chain for critical minerals.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money