Shifting gears: India targets Australian lithium blocks after Argentina deal

[ad_1] India is stepping on the gas to secure lithium blocks in Australia as it aims to finalise a deal “likely within this fiscal year” through state-owned Khanij Bidesh India Ltd (KABIL). Government officials are reportedly pushing KABIL to accelerate...

India explores Congo for copper and cobalt access, eyes MoU in three months

[ad_1] India will tap into Congo for critical mineral access, mostly copper and cobalt. A draft MoU has been shared with Democratic Republic of Congo officials and a final agreement is expected in “another three months or so.” The MoU...

Lithium producers cut output, scaleback expansion as prices plunge

[ad_1] Lithium prices will likely recover modestly in 2024 and 2025 as the fall in the rates witnessed in 2023 has resulted in a production cut, the Australian Office of the Chief Economist (AOCE) has said. Analysts and industry leaders say...

Mines Ministry to appoint consultant for due dilligence on Australian lithium block acquisition

[ad_1] India’s Mines Ministry is planning to appoint a consultant as it looks to carry out due diligence for acquisition of lithium blocks in Australia. Talks are on with one of the State-agencies there for securing the blocks. Also read:Rules...

India-Australia CECA negotiations making progress despite looming Indian elections

[ad_1] Undeterred by the forthcoming Lok Sabha elections, India and Australia are continuing with the negotiations for the proposed Comprehensive Economic Cooperation Agreement (CECA), at least this month, to build on the gains already made and make conclusion easier once...

Mines Ministry plans to handhold private players for acquisition of critical mineral blocks overseas

[ad_1] The Mines Ministry is looking to facilitate and hand-hold Indian companies – including private ones and conglomerates- to acquire or secure off-take agreements for critical minerals overseas. Critical minerals include lithium, cobalt and copper, among others. The preference would...

Rajasthan, Karnataka launch India’s first exploration licence auction for critical minerals, 4 more states to follow

[ad_1] In a first, two states - Karnataka and Rajasthan - have launched auctions for exploration licences of critical and deep-seated minerals, while four others - Maharashtra, Madhya Pradesh, Chhattisgarh and Andhra Pradesh- are expected to follow suit soon. Auctions in...