With the signing of Australia-India Critical Materials MOU (including cobalt) in June 2020, introduction of the Broken Hill Cobalt Project to one of the largest and exciting lithium-ion battery markets will lead to prolific trade and cooperation between the two countries. The government of India’s flagship “Make in India” program is anticipated to increase the demand for critical minerals in the country and establish indigenous battery industry. COB has appointed NGG to identify opportunities for them in India. NGG is currently engaged with senior stakeholders in the automotive, chemicals, battery manufacturing, mining and resources sectors in India, and is pursuing negotiations on investment opportunities, through a short to medium-term plan, and offtake opportunities through a medium to long-term offtake plan. QUOTE With the Australian Prime Minister to attend an important visit to India today with a delegation of business leaders there could be some progress for critical metals supply having an impact for COB involvement IMO
