Critical minerals

Which Indian companies have exposure to the minerals powering the energy transition? We search annual reports and quarterly filings from 10 critical minerals to surface real corporate involvement — not analyst speculation.

Li 46 companies

Lithium

The backbone of rechargeable batteries powering EVs, grid storage, and consumer electronics. India imports nearly all its lithium and is racing to secure domestic and overseas supply.

REE 21 companies

Rare Earth Elements

A group of 17 elements essential for permanent magnets, wind turbines, EVs, defence systems, and electronics. China controls ~60% of mining and ~90% of processing globally.

Co 34 companies

Cobalt

Key cathode material in lithium-ion batteries (NMC, NCA chemistries) and essential for super-alloys used in aerospace and defence. The DRC supplies ~70% of global cobalt.

Ni 61 companies

Nickel

Critical for stainless steel, EV battery cathodes (NMC/NCA), and high-temperature alloys. Battery-grade nickel demand is projected to grow 5x by 2030.

Cu 35 companies

Copper

The metal of electrification — essential for EV motors, charging infrastructure, power grids, renewables, and electronics. Each EV uses 3-4x more copper than an ICE vehicle.

Mn 36 companies

Manganese

Essential for steel production (90% of use), increasingly important for battery cathodes (LMO, LNMO chemistries). India is the 5th largest manganese producer globally.

C 26 companies

Graphite

The dominant anode material in lithium-ion batteries — every EV battery contains more graphite by weight than lithium. Also critical for fuel cells, nuclear reactors, and lubricants.

W 9 companies

Tungsten

The hardest known metal — used in cutting tools, armour-piercing ammunition, drill bits, and high-temperature aerospace components. China produces 80% of global supply.

Sb 4 companies

Antimony

Used in flame retardants, lead-acid batteries, ammunition, and semiconductor compounds. Recently classified as critical by both the US and EU due to China's 48% production share.

Zn 37 companies

Zinc

The 4th most consumed metal globally — essential for galvanizing steel, die-casting, brass alloys, and increasingly for zinc-air and zinc-bromine batteries for grid storage.

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