Coal India and NMDC eye lithium mines
COAL & MINING

Coal India and NMDC eye lithium mines

Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth.

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.

Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth. 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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement