3 weeks ago

Coal India Evaluates Chile Lithium Asset Acquisition for EV Supply

Coal India Evaluates Chile Lithium Asset Acquisition for EV Supply
Coal India Eyes Chile Lithium Asset Acquisition To Secure Critical Mineral Supply For EV Batteries · freepressjournal.in

Coal India is a very big company that digs coal out of the ground.

Now it wants to get lithium, which is the special metal used to make batteries for electric cars.

Lithium is found in places like Chile, a country far away.

Coal India is thinking about buying a part of a Canadian company's lithium business in Chile.

Before it can do that, the Chilean government must give permission to dig for lithium.

The two companies asked for this permission in October 2025, but the wait has been long because Chile got a new government.

If the permission is granted, Coal India might buy the business or work together with the other company.

India needs lithium so it can make batteries and clean energy at home.

Getting lithium from Chile would help India depend less on other countries for important minerals.

Key facts

Companies Involved
Coal India, Wealth Minerals (Canada), Kuska Minerals (Chile)
Deal Status
Evaluating acquisition; decision only after mining licence granted
Licence Application Date
October 2025
Licence Delay Reason
Change in government in Chile
Chile's Lithium Resources
Third-largest in the world, estimated at 13 million metric tonnes
India's First Overseas Lithium Venture
Five exploration and mining blocks in Argentina (2024)
Other Wealth Minerals Projects
Two additional lithium projects in Chile

Sources

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