India need to secure long-term critical mineral supply sources: CareEdge

Quick Summary:

With India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling, ratings agency CareEdge said on Wednesday.

India has set an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy sources by 2030 (as a percentage of annual sales).

This would provide environmental benefits and reduce price and supply risk associated with imports of these minerals, CareEdge said.

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Category: BusinessFinance

Markets: India

Topics: India critical minerals supply India critical minerals Mineral sector growth Mineral imports

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 19:33:47 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23571837

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Official Website: business-standard.com

Update Frequency: 347 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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