India – Australia Critical Minerals Investment Partnership

India – Australia Critical Minerals Investment Partnership

• Critical minerals are elements that are the building blocks of essential modern-day technologies and are at risk of supply chain disruptions.
• Copper, lithium, nickel, cobalt, and rare earth elements.

Critical Minerals 

• India has identified 49 minerals that will be vital for India’s future economic growth.
• Australia produces almost half of the world’s lithium and is the second-largest producer of cobalt and the fourth-largest producer of rare elements.

 Indian Initiatives 

• KABIL or the Khanij Bidesh India Limited, a joint venture of three public sector companies, to ensure a consistent supply of critical and strategic minerals to the Indian domestic market

India-Australia Relations 

• India and Australia are also members of the QUAD grouping (India, the US, Australia, and Japan), to enhance cooperation and develop partnerships across several issues of common concern

Practice Questions for Prelims

Consider the following statements:
1. Copper, lithium, nickel, cobalt, are some of the rare earth elements.
2. Australia is the third largest producer of rare elements.

Choose the incorrect statement/s
a) 1 only
b) 2 only
c) Both1 and 2
d) Neither 1 nor 2

Ans. a)

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