From lithium to cobalt, India joins $1T global race for Africa’s minerals alongside major powers.
India is intensifying its bid for Africa’s critical minerals, from lithium to cobalt, as part of a $4 billion investment drive to secure supply chains essential for clean energy and advanced manufacturing.
The initiative focuses on essential resources such as lithium, cobalt, and nickel, vital for electric vehicle (EV) batteries and renewable energy technologies, as India seeks to maintain a competitive edge in the global clean energy transition.
Union Minister for Coal and Mines, G Kishan Reddy, speaking at the launch of the sixth tranche of critical mineral block auctions, stressed that global demand for EV batteries and renewable energy components is expected to triple by 2030. He noted that this surge requires India to strengthen both domestic exploration and international partnerships.
Zambia is set to receive part of India’s $4 billion streamlined investment aimed at securing critical mineral supply chains across Africa and other regions. In July, India dispatched a team of geologists to explore copper and cobalt deposits.
This year, the Zambian government allocated 9,000 square kilometres (3,475 square miles) for India’s exploration of cobalt, a critical component for electric vehicle batteries and mobile phones, as well as copper, widely used in power generation, electronics, and construction.
The Ministry of Mines has also entered bilateral agreements with several African countries, including Zimbabwe, Mozambique, Malawi, and Côte d’Ivoire, and is in discussions with the Democratic Republic of Congo to secure preliminary agreements for cobalt and copper.
Namibia is included in India’s broader strategic outreach, with talks underway to establish collaborative exploration ventures. The minister noted that India’s $4 billion allocation for the critical minerals programme far exceeds the $1 billion earmarked by the United States for the same sector.
Source: Africabusinessinsider