India’s Hunt for Critical Minerals
On 28th October, 2024, the Institute for Energy Economics and Financial Analysis (IEEFA) published a report under the title - India’s Hunt for Critical Minerals, highlighting India’s critical mineral sourcing strategy.
- IEEFA’s report examines five critical minerals (and their compounds) – cobalt, copper, graphite, lithium and nickel – from the perspectives of import dependency, trade dynamics, domestic availability, and global price fluctuations.
Major Points from the Report
Increasing Import Dependency
- India’s import dependency will likely continue as the demand for critical minerals is expected to more than double by 2030.
- India remains largely dependent on imports for these minerals and their ....
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