To boost its energy transition efforts, India is betting on acquiring lithium and copper assets overseas and is sending a delegation to search for such resources in Chile, a top producer of both critical minerals, Reuters reported on Thursday, citing a source at the Indian government. “We are interested in buying assets. We are trying to facilitate private and government-owned companies to acquire assets in other countries as well,” the anonymous source told Reuters.
Hindustan Copper Limited HCL, and Mineral Exploration & Consultancy Limited MECL. Under the supervision of India’s Ministry of Mines, KABIL has the task “to ensure supply side assurance of critical and strategic minerals and mineral security of the nation.” KABIL is mandated to identify, explore, acquire, develop, mine, process, and procure strategic minerals outside India for supply primarily to India, to meet domestic requirements for battery metals, including lithium and cobalt.