The Indian government is aggressively pursuing the acquisition of critical mineral assets across Argentina, Australia, and Chile to secure a stable supply chain for its rapidly expanding green energy and technology sectors. This strategic initiative, led by the Ministry of Mines, seeks to mitigate the country’s heavy reliance on imports for essential materials like lithium, cobalt, and nickel, which are vital for electric vehicle (EV) battery production and renewable energy infrastructure.
The Strategic Necessity of Mineral Security
India currently imports the vast majority of its critical minerals, leaving its industrial growth vulnerable to global supply chain disruptions and geopolitical volatility. As the nation aims to reach net-zero emissions by 2070, the demand for lithium-ion batteries is projected to skyrocket, necessitating a reliable and diversified supply of raw materials.
The push into South America and Australia represents a pivot toward resource diplomacy. By engaging directly with nations that hold some of the world‘s largest reserves, New Delhi aims to bypass intermediaries and secure long-term access to essential components.
Global Partnerships and Asset Acquisition
In Australia, Indian state-owned enterprises are exploring joint ventures to tap into the nation’s world-class lithium and rare earth deposits. Australia, a key supplier to the global battery market, offers a stable regulatory environment that aligns with India’s long-term investment goals.
Simultaneously, India has turned its attention to the
