Energy transition: India remains highly dependent on imports of critical minerals, says report
- Posted on October 28, 2024
- By Business News Today
- 5 Views
Energy transition: India remains highly dependent on imports of critical minerals, says report
India relies heavily on imports for critical minerals like lithium, cobalt, and nickel. The demand for these minerals may more than double by 2030. The country must develop an import strategy, partnerships with mineral-rich nations, and domestic mining operations to meet its renewable energy goals. Developing local lithium refining capabilities and exploring alternative trade partners are crucial steps forward.