India adopts critical mineral list as newest Mineral Security Partnership member

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International cooperation

India's critical minerals strategy will likely see it bolstering ties with Australia, the world's largest lithium-producing jurisdiction, according to Mohan Yellishetty, who co-founded Monash University's Critical Minerals Consortium in Australia.

"By leveraging the MSP, it makes sense for India to develop its own domestic critical minerals processing industry by importing critical raw materials from Australia" under the 2020 memorandum of understanding between the countries, Yellishetty said in an email interview.

"This would enable India to offer much-needed jobs to its semi- and unskilled workers and provide Western nations with an alternative sourcing resource in addition to catering to domestic requirements," Yellishetty said.