India Explores Critical Mineral Blocks in Africa and Latin America

04 Jul 2024 CW Team

India is engaged in strategic discussions with several African and Latin American countries to acquire rights to critical mineral blocks. These efforts aim to bolster India's reserves of essential minerals used extensively in various industrial sectors, including renewable energy and electronics.

According to government officials, these negotiations are part of India's broader strategy to diversify its sources of critical minerals and reduce dependency on traditional suppliers. The move comes amidst global efforts to secure stable supply chains for minerals vital to modern technologies.

The discussions involve exploring potential partnerships and agreements for joint exploration and mining projects. This approach not only aims to ensure a steady supply of critical minerals but also promotes sustainable mining practices in collaboration with partner countries.

India's interest in African and Latin American mineral resources aligns with its goal to enhance self-reliance in critical minerals, crucial for achieving energy security and technological advancements. These regions are known for their rich deposits of minerals such as lithium, cobalt, and rare earth elements, which are integral to the production of batteries, electric vehicles, and other advanced technologies.

The negotiations underscore India's proactive stance in securing its future mineral needs while fostering mutually beneficial partnerships with resource-rich nations. This strategic initiative is expected to strengthen India's position in the global minerals market and contribute to sustainable development goals through responsible mining practices.

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