India explores investment in Australian lithium.

July 6, 2022

India is exploring avenues for jointly investing in advanced processing facilities for lithium, a key component in electric vehicles (EV), in Australia, Coal and Mines. Lithium hydroxide is a key component in EV batteries.
Dignitaries from both sides visited the Tianqi lithium processing facility in Kwinana, Perth, Australia.
Domestic sources India imported around 627 million units of lithiumion batteries in FY19, while during FY20 and FY21, the inbound shipments of lithiumion batteries stood at 539 million units and 516 million units, respectively.
The Atomic Minerals Directorate for Exploration and Research is carrying out exploration for lithium in Mandya and Yadgir districts of Karnataka.
India has been exploring to acquire mines of strategic minerals such as lithium and cobalt in producing countries like Australia, Argentina, Bolivia and Chile.
To that effect,a Joint Venture firm, Khanij Bidesh India Ltd (KABIL) with NALCO, Hindustan Copper and Mineral Exploration Corporation was also created.