India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth.
This mission will bring together multiple ministries, industries, research institutions, and global think tanks to ensure a sustainable supply of critical minerals like lithium and cobalt.
The demand for these minerals is expected to surge, particularly for EVs, renewable energy technologies, and semiconductors. India’s strategy includes the joint venture Khanij Bidesh India Ltd (KABIL), focusing on acquiring and processing strategic minerals globally. The government has already auctioned 24 critical mineral blocks and plans to continue promoting offshore mining through roadshows to attract international investors.
India is positioning itself as a key player by acquiring mineral assets, especially in Australia, and aims to leverage its rare earth deposits, which exceed those in Australia and Canada, for high-tech exploration.
With major industries like Vedanta Ltd and Hindustan Zinc emphasizing the critical role of these minerals in India’s economic growth, the country is on track to reduce import dependency and strengthen its position in the global mining sector.