Key Points
The focus on critical minerals aligns with the company's decision to participate in India's first-ever auction of critical mineral mines...
Premium The dedicated focus on critical mineral comes at a time when the company has participated in the first ever auction of critical mineral mines in the country..
New Delhi: State-run Coal India Ltd (CIL) plans to establish a dedicated team, headed by the director of business development, to spearhead its search for lithium and other critical minerals worldwide, including in India, according to people in the know..
The public sector major's foray into critical minerals is a strategic move as India is looking at lowering dependence on China, which has the fourth largest reserves, and boosting its own manufacturing sectors, relying on lithium..
In June 2023, the ministry of mines came up with a list of 30 minerals critical to India's economy, including Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorous, Potash, REE (rare earth elements), Rhenium, Silicon, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zirconium, Selenium and Cadmium..
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