Economy · India

Energy Transition May Lead to New Import Dependence on Critical Minerals

India's transition to clean energy may result in a new import dependency on critical minerals, according to a report by the Confederation of Indian Industry (CII) and EY. Minerals like lithium, nickel, cobalt, silicon, and rare earth elements are identified as crucial for this energy shift. The report highlights that these materials will become increasingly important as India moves towards cleaner energy sources.

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