India plans to apply for deep-sea mining licenses in the Pacific Ocean as part of its strategy to secure critical minerals for its energy transition.
India plans to apply for obtaining licenses for deep-sea mining of minerals key for the energy transition in the Pacific, a senior government scientist told Reuters on Monday. India has been exploring ways to own and develop critical minerals assets abroad as its renewable energy rollout is soaring and as it seeks to have its own stream of supply of key metals such as lithium, nickel, and copper.
The Jamaica-based ISA is the organization through which the member states, including India, organize and control all mineral-resources-related activities. So far, ISA has issued 31 deep-sea exploration licenses, including two for India to mine the Indian Ocean. However, mining is not allowed yet by the authority as it is still finalizing regulations. India is also looking at onshore South America to potentially develop resources of lithium and copper.
Deep-Sea Mining Pacific Ocean Critical Minerals Lithium Copper Energy Transition Renewable Energy International Seabed Authority ISA
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