India Intensifies Search for Critical Minerals in Zambia, Congo, and Australia
India is pursuing critical mineral resources in Zambia, the DRC, and Australia to enhance supply chains for clean energy and technology. This effort aims to lessen dependence on imports crucial for the production of electric vehicles and renewable energy infrastructure. The initiative includes potential joint ventures and acquisitions, focusing on essential minerals such as copper, cobalt, lithium, and rare earth elements.
India is intensifying its search for critical minerals in Zambia, the Democratic Republic of Congo (DRC), and Australia as part of a broader strategy to secure essential resources for its clean energy and technology ambitions. These efforts aim to reduce the nation’s reliance on mineral imports crucial for electric vehicles, renewable energy infrastructure, and electronic manufacturing.
A high-ranking government official, who requested anonymity due to the sensitivity of the matter, stated, “We are looking at critical minerals prospects in several countries including Zambia, Congo, and Australia. Securing these resources is vital for our energy transition goals and manufacturing ambitions.”
In pursuit of these objectives, Indian mining companies are exploring joint ventures and acquisition opportunities in these resource-abundant nations, focusing particularly on copper, cobalt, lithium, and rare earth elements. This initiative reflects India’s intention to establish itself as a key global manufacturing hub for clean energy technologies, all while minimizing risks associated with supply chain disruptions.
This push occurs amid increased worldwide competition for critical mineral resources, driven by a surge in electric vehicle production and the deployment of renewable energy. The Indian government is also developing a robust domestic framework to support the exploration, mining, and processing of critical minerals within its borders.
Industry analysts indicate that this strategy of international diversification may enhance India’s ability to navigate the complex geopolitics surrounding critical mineral supply chains, which are increasingly crucial to national security and economic strategy among major global economies.
India is expanding its investment in critical minerals through exploration in Zambia, Congo, and Australia as part of its efforts to secure supply chains for clean energy technologies. By reducing reliance on imports, the country aims to fuel its growing clean energy sector while navigating the complexities of global competition for these essential resources. This initiative is pivotal for India’s ambition to become a leading manufacturing hub.
Original Source: www.autocarpro.in
