Summary:

India's Critical Mineral Mission, set to launch in 2025, aims to secure vital minerals for the country's green energy transition and electric vehicle sector. The mission will unite ministries, companies, and global think tanks to ensure a steady supply of minerals such as lithium and cobalt. India plans to acquire mineral assets, particularly in Australia, positioning itself as a key player in the global competition for these crucial resources while attracting foreign investment.

Electric vehicles, renewable energy, and semiconductors are expected to drive increased demand for essential minerals. India's efforts, such as the joint venture Khanij Bidesh India Ltd. (KABIL), focus on acquiring and processing strategic minerals globally. The government has auctioned 24 critical mineral blocks and aims to encourage offshore mining. India also intends to leverage its significant rare earth reserves for sustainable exploration, with support from Vedanta Ltd and Hindustan Zinc, to strengthen its mining capabilities.

Source: IBEF

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