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India-Australia Critical Minerals Partnership: Powering the Green Transition

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India and Australia have strengthened their strategic partnership to secure a stable supply of critical minerals like lithium and cobalt. This collaboration is vital for India's electric vehicle ambitions and its commitment to achieving net-zero emissions.

India and Australia have significantly advanced their cooperation under the Critical Minerals Investment Partnership, focusing on securing the supply of lithium and cobalt. This strategic alignment is a cornerstone for India’s transition toward a low-carbon economy and its ambitious electric mobility goals. Australia, holding some of the world’s largest reserves of critical minerals, is a natural partner for India, which is currently heavily dependent on imports for these essential raw materials. The partnership is particularly crucial for the success of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) scheme. Lithium and cobalt are indispensable components of Lithium-ion batteries, which power electric vehicles (EVs) and store renewable energy. By securing a direct investment pipeline and supply chain with Australia, India aims to mitigate the risks associated with price volatility and supply disruptions often seen in global markets dominated by a single source.

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