India approves $297 million incentive policy for lithium, nickel processing
2026-11-05 10:54:09 [Print]
India's cabinet approved on Wednesday an incentive policy worth 28.14 billion rupees ($297 million) to boost domestic processing of lithium and nickel, the government said in a statement, in a move aimed at reducing the country's reliance on supply chains dominated by China.
India has a high import dependence on critical minerals such as lithium, and tighter conditions following export controls by China create potential supply-chain vulnerability, the government had said in March.
On Wednesday, it unveiled a programme seeking to bolster processing of lithium and nickel ores and intermediary products into high-purity compounds.
It listed electric mobility, battery energy storage systems, electronics, defence and speciality steel as beneficiaries of the programme.
This has implications for national security and economic sovereignty, it said.
The programme would push India towards self-reliance and support the development of domestic processing infrastructure, it added.
India has a high import dependence on critical minerals such as lithium, and tighter conditions following export controls by China create potential supply-chain vulnerability, the government had said in March.
On Wednesday, it unveiled a programme seeking to bolster processing of lithium and nickel ores and intermediary products into high-purity compounds.
It listed electric mobility, battery energy storage systems, electronics, defence and speciality steel as beneficiaries of the programme.
This has implications for national security and economic sovereignty, it said.
The programme would push India towards self-reliance and support the development of domestic processing infrastructure, it added.
Lithium Hydroxide LiOH 56.5%min, Magnets 0.0001%max Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' sales to production ratio statistics by province by month
Unit: %
