We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: India’s Modi hails ‘new energy’ in push for Latin American minerals
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
India’s Modi hails ‘new energy’ in push for Latin American minerals
The Tycoon Herald > Economy > India’s Modi hails ‘new energy’ in push for Latin American minerals
Economy

India’s Modi hails ‘new energy’ in push for Latin American minerals

Tycoon Herald
By Tycoon Herald 5 Min Read Published April 30, 2025
Share
SHARE

Unlock the Editor’s Digest without cost

Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.

India’s prime minister Narendra Modi this month hailed a “new energy” in New Delhi’s relationship with the “entire” Latin America, because the world’s fastest-growing main economic system tries to deepen ties with the continent to safe the minerals it wants to fulfill its formidable inexperienced power targets.

Latin America has the world’s largest lithium reserves and India is pushing mining teams to pursue reserves within the “lithium triangle” — between Argentina, Bolivia and Chile — the place many of the area’s confirmed assets are situated.

In current weeks, Modi met Chilean President Gabriel Boric in New Delhi to focus on the “long-term supply of minerals” — notably these essential for the power transition, corresponding to copper and lithium. “Naturally, critical minerals are a key piece in the matrix,” mentioned Periasamy Kumaran, a high Indian overseas ministry official, referring to Chile.

The newfound quest for minerals displays Modi’s formidable dedication of reaching web zero carbon emissions by 2070 in a rustic that’s the third-biggest carbon polluter globally.

“India’s outreach to Latin America reflects a growing awareness in Delhi that securing access to critical minerals is now a strategic imperative,” mentioned Oliver Stuenkel, a BRICS skilled at Brazil’s Fundação Getulio Vargas. “This is about boosting India’s role in the global supply chain of the energy transition.”

New Delhi final month additionally hosted an India-Latin America enterprise gathering, targeted on entry to the minerals wanted to fulfill its formidable purpose of getting 30 per cent of its automobiles powered by electrical energy by 2030.

“They made it clear, almost obsessively, that they want to source critical minerals — it’s a raison d’être now,” mentioned a South American diplomat in India.

India Business Briefing

The Indian skilled’s must-read on enterprise and coverage on the earth’s fastest-growing large economic system. Join the publication right here

Throughout Boric’s go to, Chile’s Codelco, the world’s greatest copper miner, agreed a take care of India’s state-run Hindustan Copper. It additionally mentioned it could provide copper concentrates to the Adani Group, owned by one in all India’s strongest tycoons and a Modi ally.

“India has huge appetite for copper, there’s a sense of urgency — we are a perfect match,” Máximo Pacheco, Codelco’s chair advised the Monetary Occasions in New Delhi.

He added that “India will absolutely soon become a big buyer of Chilean lithium”, a key element for electrical car batteries. The state-owned miner is taking a majority stake in Chile’s SQM, the world’s second-largest producer, as a part of Boric’s technique of bringing lithium below state management.

Some content material couldn’t load. Examine your web connection or browser settings.

New Delhi has opened a number of new embassies in Latin America since Modi took workplace a decade in the past, the most recent in lithium-rich Bolivia. “Our idea is to open as many embassies as possible,” mentioned a senior Indian diplomat. “We were not focused on Latin America forcefully — now we are.”

Final 12 months, India signed an settlement with Argentina to lease 5 lithium blocks for exploration, and eventual extraction, in a “historic” deal between India’s state-owned Khanij Bidesh India and Catamarca Minera y Energetica Sociedad del Estado, which is owned by the provincial authorities.

“When it comes to India and Latin America, India cannot compete with China,” mentioned Manjeet Kripalani, government director at Gateway Home Indian Council on World Relations in Mumbai.

“But critical minerals are very important to us, we have great needs. If we want to sustain more than 1.4bn people, we need to go out to get the minerals we need and we will do that within our capacity.”

Some content material couldn’t load. Examine your web connection or browser settings.

International minister Subrahmanyam Jaishankar met his Bolivian counterpart Celinda Sosa in March as corporations from India and Bolivia are “exploring the lithium ion battery sector in Bolivia”, in accordance to the Indian authorities.

Whereas lithium was solely lately present in India’s disputed northern territory of Jammu and Kashmir and the central state Chhattisgarh, India has modest reserves of copper in Rajasthan, Jharkhand and Madhya Pradesh.

You Might Also Like

What if monetary literacy might enhance GDP?

How Beijing’s collateral play can rattle the creditor-borrower stability

IMF warns US should sort out its yawning deficit

It’s CPI day — the place’s CPI?

UK dangers increased inflation turning into entrenched, IMF warns

TAGGED:AmericanEnergyhailsIndiasLatinMineralsModipush
Share This Article
Facebook Twitter Email Copy Link Print
Gaza ceasefire deal violated. And, shutdown enters day 20 for ever and ever
World

Gaza ceasefire deal violated. And, shutdown enters day 20 for ever and ever

Good morning. You are studying the Up First e-newsletter. Subscribe right here to get it delivered to your inbox, and pay attention to the Up First podcast for all of the information it is…

By Tycoon Herald 10 Min Read
Steph Curry unique: Golden State Warriors celebrity opens up on free company in 2027 and getting ready for the 2025/26 season
October 20, 2025
Sharon Osbourne Mourns Dying of Her Canine Elvis
October 20, 2025
Rangers newest: Danny Rohl rising as frontrunner for head coach function after Kevin Muscat transfer collapses
October 20, 2025
Blac Chyna Says She and Rob Kardashian Are “Going with the Flow”
October 20, 2025

You Might Also Like

Scott Bessent grilled Fed chair candidates on charges and quantitative easing
Economy

Scott Bessent grilled Fed chair candidates on charges and quantitative easing

By Tycoon Herald 7 Min Read
German industrial output falls to 2005 ranges as auto sector craters
Economy

German industrial output falls to 2005 ranges as auto sector craters

By Tycoon Herald 4 Min Read
FirstFT: UBS fund uncovered to First Manufacturers chapter
Economy

FirstFT: UBS fund uncovered to First Manufacturers chapter

By Tycoon Herald 7 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Entertainment

Kristin Cavallari Slashes Worth of Nashville Dwelling by Practically $1 Million

Kristin Cavallari is heading for 'The Hills' ... seeking to get out of Nashville ASAP --…

By Tycoon Herald
Leadership

5 Questions For Creating A Culture Assessment Guaranteed To Work

Create your assessment plan based on these 5 questions getty Unprecedented disruption in the workplace is…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?