The country fully imports several critical minerals used in green technologies including lithium, cobalt and nickel.
As the world rushes to secure minerals critical for rapidly-expanding clean energy technologies, India is joining the fray to try to meet its ambitious green energy goals.
India said in January the government and state mining companies would spend 343 billion Indian rupee ($3.94 billion) to boost local production, recycling and imports of critical minerals in a bid to secure enough for its energy transition, in an initiative coined the “National Critical Mineral Mission”.
While India produces some of the copper and graphite it uses at home, it fully imports several critical minerals used in green technologies including lithium, cobalt and nickel. The government has also mapped out new reserves for critical minerals, but there tends to be a lengthy time-lag between the discovery of new reserves and when mining can start.
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