African Minerals

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics, and China is the top player in Congo as of now

India seeks to access African nation's critical minerals to diversify its supply chain and strengthen bilateral ties

In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina

To grab a higher share of margins, the DRC government has recently approved a new mining code that has enhanced the royalty rates on cobalt from 3 per cent to 10 per cent