Centre Earmarks ₹2,814 Crore for Lithium and Nickel
The Centre has set aside ₹2,814 crore for a scheme to boost lithium and nickel processing in India. Union Coal and Mines Minister G. Kishan Reddy said in a social media post that it would strengthen domestic capabilities, boost manufacturing and lower reliance on imports.
Context
Context: Lithium and nickel are key metals used in batteries for electric vehicles and phones, and India relies heavily on imports for many battery metals. Governments around the world have been funding local processing so their countries depend less on overseas supply.
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