India Expands Search for Critical Minerals in Key Countries

India is expanding its exploration for critical minerals in Zambia, the DRC, and Australia to reduce import dependency and secure supplies for its clean energy and manufacturing industries. This move is part of a broader strategy to navigate global competition and strengthen domestic frameworks for mineral exploration and processing.

India is enhancing its search for critical minerals in Zambia, the Democratic Republic of Congo (DRC), and Australia, aiming to secure supply chains for clean energy and technology sectors. This initiative is focused on reducing the country’s reliance on imports for vital minerals needed in electric vehicles, renewable energy infrastructure, and advanced electronics manufacturing.

As highlighted by a senior government official who wished to remain unnamed, Indian mining enterprises are actively pursuing joint ventures and acquisition opportunities in resource-abundant nations. The particular minerals of interest include copper, cobalt, lithium, and rare earth elements, which are crucial for India’s energy transition and manufacturing objectives.

This strategy is also part of establishing India as a significant manufacturing hub for clean energy technologies while mitigating risks associated with supply chain disruptions. The current global landscape exhibits fierce competition among nations striving to secure critical mineral supplies, which are increasingly in demand with the rise of electric vehicle production and renewable energy projects.

In addition to international efforts, the Indian government is developing a comprehensive framework to bolster domestic exploration, mining, and processing of critical minerals. This initiative demonstrates India’s commitment to navigating the intricate geopolitics surrounding critical mineral supply chains, which are vital for national security and economic stability across major economies.

India’s strategic push to explore critical minerals in Zambia, the DRC, and Australia signifies its efforts to bolster supply chains essential for clean energy and advanced manufacturing. By reducing dependence on imports and actively engaging in international ventures, India aims to secure vital resources while enhancing its position as a manufacturing leader in the clean energy sector.

Original Source: www.autocarpro.in