India must secure minerals and manufacturing, not just fuel, to safeguard energy future: Report
India, Aug. 6 -- India's energy security risks are shifting beyond oil and gas to critical minerals, manufacturing capacity, electricity storage and grid infrastructure, according to a CII-EY India report.
The report says India remains fully import-dependent for several critical minerals, including lithium, cobalt, nickel, silicon, rare earth elements, gallium, germanium and platinum group elements.
India is projected to need more than 66 million tonnes of copper, 46 million tonnes of graphite, 19.5 million tonnes of silicon and 11.5 million tonnes of nickel between 2025 and 2070.
The report says renewable energy targets alone will not ensure energy security unless India also builds secure supply chains, domestic clean energy manufactu...
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