India in talks with Sri Lanka to acquire graphite mines

India is engaged in discussions with Sri Lanka regarding the potential acquisition of graphite mines in the island nation. Graphite, a crucial material used in lithium-ion and other batteries' anodes, is witnessing rising demand. While details of the talks remain scarce as they are in early stages, sources highlight Sri Lanka's high-quality graphite reserves. \r

Recognizing the significance of graphite, it features among the 30 critical minerals outlined by the Indian government. Additionally, India aims to secure critical mineral assets overseas, with public sector entities like Coal India, NMDC, and ONGC Videsh Ltd tasked with actively seeking such opportunities. \r

Khanij Bidesh India Ltd (KABIL), a joint venture involving Nalco, HCL, and MECL, has been established for scouting mineral assets abroad. India also seeks collaborations with Chile to access copper and lithium resources, crucial components for clean energy technologies like electric vehicles and renewable energy infrastructure.