Khanij Bidesh India Ltd – UPSC Prelims

  • Khanij Bidesh India Ltd is a new company incorporated in August, 2019 by three state-owned companies, NALCO, Hindustan Copper and Mineral Exploration Ltd, with a specific mandate to acquire strategic mineral assets such as lithium and cobalt abroad
  • It inked a pact with an Argentine firm mid-last year to jointly prospect lithium in Argentina that has the third largest reserves of lithium.
  • It is also learnt to be exploring options in Chile and Bolivia, two other top lithium-producing countries.
  • Lithium, the silver-white alkali metal is a crucial building block of the lithium-ion rechargeable batteries that power electric vehicles (EVs), laptops and mobile phones.
  • Currently, India is heavily dependent on import of these cells and the move to ink sourcing pacts for lithium is seen as another salvo in the front against China, a key source of both the raw material and cells.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top