Coal India considers acquiring Wealth Minerals unit for Chilean lithium assets

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Mining

11 August 2026 at 4:13 pm

Coal India considers acquiring Wealth Minerals unit for Chilean lithium assets

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Summary

Coal India is reportedly considering acquiring a Chilean unit of Wealth Minerals to secure vital lithium resources for electric vehicle batteries. Both companies have jointly applied for a lithium extraction license in Chile, as India seeks to reduce its reliance on China-dominated mineral supply chains.

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