New Delhi, India is in talks with Sri Lanka to acquire graphite mines.
Demand for graphite continues to grow, as it is the most common material used for anodes in lithium-ion and other batteries.
Sources said the Indian government discussed with the Sri Lankan government about acquiring graphite mines there.
However, the sources refused to give further details saying that the talks are still in the initial stage.
The graphite found in Sri Lanka is of very good quality.
Graphite is included in the list of 30 critical minerals, which was released by the government last year.
The government recently said that public sector companies Coal India, NMD and ONGC Videsh Limited (OVL) will start actively exploring critical mineral assets abroad.
OVL is the foreign investment arm of the state-owned Oil and Natural Gas Corporation.
These public sector enterprises already have some form of presence abroad.
Meanwhile, a joint venture of three public sector enterprises, Khanij Videsh India Limited (KABIL), was formed to explore for mineral properties abroad. KABIL is owned by three public sector undertakings – National Aluminum Company Limited (NALCO), Hindustan Copper Limited (HCL) and Mineral Exploration and Consultancy Limited (MECL).
India wants to tie up with Chile to get access to copper and lithium mineral assets in the country.
Critical minerals such as copper, lithium, nickel and cobalt are key components in rapidly growing clean energy technologies – from wind turbines and power networks to electric vehicles.
Demand for graphite continues to grow, as it is the most common material used for anodes in lithium-ion and other batteries.
Sources said the Indian government discussed with the Sri Lankan government about acquiring graphite mines there.
However, the sources refused to give further details saying that the talks are still in the initial stage.
The graphite found in Sri Lanka is of very good quality.
Graphite is included in the list of 30 critical minerals, which was released by the government last year.
The government recently said that public sector companies Coal India, NMD and ONGC Videsh Limited (OVL) will start actively exploring critical mineral assets abroad.
OVL is the foreign investment arm of the state-owned Oil and Natural Gas Corporation.
These public sector enterprises already have some form of presence abroad.
Meanwhile, a joint venture of three public sector enterprises, Khanij Videsh India Limited (KABIL), was formed to explore for mineral properties abroad. KABIL is owned by three public sector undertakings – National Aluminum Company Limited (NALCO), Hindustan Copper Limited (HCL) and Mineral Exploration and Consultancy Limited (MECL).
India wants to tie up with Chile to get access to copper and lithium mineral assets in the country.
Critical minerals such as copper, lithium, nickel and cobalt are key components in rapidly growing clean energy technologies – from wind turbines and power networks to electric vehicles.
