India is in talks with Sri Lanka to obtain graphite mines, reflecting the growing demand for this vital mineral, which is essential for making anodes in lithium-ion and other batteries. The Indian government is taking the initiative as part of its strategy to secure a reliable supply of critical minerals. The negotiations, still in the preliminary stages, focus on acquiring high-quality graphite mines in Sri Lanka.
Graphite is one of the thirty critical minerals identified by the government last year, highlighting its importance in bolstering the country’s battery manufacturing capabilities. The effort is part of a larger strategy where public sector companies, such as Coal India, NMDC, and ONGC Videsh Ltd (OVL), are set to actively pursue critical mineral resources abroad.
Beyond graphite, India is also seeking partnerships with Chile to access essential copper and lithium resources. These minerals are crucial for developing clean energy technologies, such as wind turbines, electric vehicles, and electricity grids. The focus on copper, lithium, nickel, and cobalt underscores India’s dedication to supporting the global shift towards renewable energy.
As reported by goodreturns.in, the government’s efforts to secure graphite mines in Sri Lanka and establish partnerships for copper and lithium assets demonstrate strategic drive to obtain essential minerals needed for its energy transition goals. As these discussions advance, they represent a significant step towards strengthening India’s role in the global clean energy industry.
