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India has launched a fresh push to strengthen its mineral security by directing key public-sector companies to acquire mineral assets overseas. The steel ministry has asked Steel Authority of India Ltd (SAIL) and National Mineral Development Corporation (NMDC) to scout for blocks in coking coal, limestone and a range of critical minerals such as copper and lithium across Africa, the Middle East, Latin America and Southeast Asia.
The move marks a clear strategic shift from relying predominantly on imports to building direct ownership of mines and mineral assets. Officials say the objective is to shield India’s steel and manufacturing sectors from geopolitical disruptions, ensure uninterrupted supplies of key inputs and lower the import bill for raw materials used in steelmaking and energy-transition technologies.
SAIL and NMDC have been told to evaluate both operating and greenfield assets, either through direct purchases or consortia. The push aligns with India’s broader critical-minerals agenda, under which the country has identified a list of strategic minerals and launched dedicated missions and partnerships to secure them.
Industry experts note that, with most of India’s planned steel capacity still to be built, timely acquisition of overseas resources will be crucial for long-term supply security and for supporting the country’s ambitions in green energy, infrastructure and advanced manufacturing.
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