India’s Critical Mineral Mission: Strengthening Strategic Autonomy and Green Energy Transition
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India's participation in the G7 Critical Minerals Ministerial Meeting underscores its commitment to securing supply chains for lithium and cobalt. This strategic move aims to reduce dependence on single-source suppliers like China while fueling India's semiconductor and renewable energy sectors.
India’s participation in the G7 Critical Minerals Ministerial Meeting in Washington marks a significant step in its quest for resource security. Represented by Union Minister Ashwini Vaishnaw, India emphasized the need for resilient and diversified supply chains for minerals like lithium, cobalt, and rare earth elements (REEs). These minerals are indispensable for the 'twin transitions' of digital transformation and green energy.
The global landscape of critical minerals is currently characterized by a high degree of geographical concentration, with China controlling a significant portion of both extraction and refining. For India, which has set ambitious targets for net-zero emissions by 2070 and aims to become a global semiconductor hub, this over-reliance presents a strategic vulnerability. The discussions at the G7 forum focused on developing alternative sourcing strategies and advancing refining technologies to break this monopoly.
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