India is expanding its search for critical minerals in Zambia, the DRC, and Australia to secure supply chains for its clean energy and technology sectors. The initiative aims to reduce imports of essential minerals for electric vehicles and renewable energy. Moreover, Indian mining companies are exploring joint ventures and acquisitions in these resource-rich countries, focusing on minerals like copper, cobalt, lithium, and rare earth elements.
India is actively pursuing critical mineral resources in Zambia, the Democratic Republic of Congo (DRC), and Australia. This initiative is part of India’s strategy to secure supply chains for its clean energy and technology sectors, as stated by a senior government official. The goal of this endeavor is to decrease reliance on imports for essential minerals necessary for electric vehicles, renewable energy infrastructure, and advanced electronics manufacturing.
A government official, who chose to remain anonymous, confirmed that Indian mining companies are exploring joint ventures and acquisition opportunities in these resource-abundant nations. Special attention is being given to minerals such as copper, cobalt, lithium, and rare earth elements. This initiative aligns with India’s broader ambition to become a manufacturing hub for clean energy technologies while minimizing exposure to supply chain disruptions.
This push for critical mineral exploration comes at a time when global competition for these resources is intensifying. Countries around the world are striving to secure their supplies to meet the increasing demand stemming from the rapid expansion of electric vehicle production and renewable energy installations. To support this, the Indian government is formulating a comprehensive domestic framework for the exploration, mining, and processing of critical minerals within the nation’s borders.
Industry analysts argue that India’s strategy of international diversification may effectively mitigate the complexities of the geopolitical dynamics surrounding critical mineral supply chains. Given the growing significance of these resources to national security and economic interests, this approach could prove pivotal for India’s future.
In conclusion, India’s strategic initiatives in Zambia, DRC, and Australia signify a commitment to securing critical mineral supplies essential for its energy transition and manufacturing ambitions. By reducing import dependency and establishing a domestic framework for mineral exploration, India aims to navigate the evolving geopolitical landscape while positioning itself as a key player in the clean energy sector amidst rising global demand.
Original Source: www.autocarpro.in
