Coal India and NMDC eye lithium mines
Lithium, dubbed as the 'white gold', has garnered immense attention due to its pivotal role in powering lithium-ion batteries, essential for electric vehicles and energy storage systems. Coal India, the world's largest coal miner, and NMDC, a major iron ore producer, recognise the significance of lithium in the transitioning energy landscape. By venturing into lithium exploration abroad, they aim to secure a foothold in the global lithium market and capitalise on the burgeoning demand.
The exploration for lithium mines abroad underscores India's ambition to reduce dependency on imports and bolster domestic reserves of critical minerals. With a growing emphasis on self-reliance and sustainable resource management, the initiative aligns with the country's broader strategic objectives in the energy and mining sectors. Additionally, tapping into overseas lithium deposits could potentially strengthen India's position in the global supply chain of clean energy technologies, fostering innovation and economic growth.