India Exits Russian-Backed Mali Lithium Project Amid Security Concerns

India has pulled out of a lithium mining project in Mali, citing security risks and instability in the West African nation. The project, backed by Russia’s state nuclear corporation Rosatom, was intended to strengthen India’s access to critical minerals vital for electric vehicle batteries and renewable energy storage.

Key Highlights

• Project Exit: India withdraws from Mali lithium project over security concerns.
• Russian Involvement: The project was supported by Rosatom, Russia’s state nuclear corporation.
• Security Risks: Political instability and rising threats prompted India to safeguard its investments.
• Global Context: Western nations have also advised citizens to leave Mali due to deteriorating conditions.
• Strategic Outlook: India is expected to focus on alternative lithium sourcing, including domestic exploration and partnerships in more stable regions.

This development highlights India’s cautious stance in securing critical mineral supply chains, balancing geopolitical risks with its ambitious clean energy and EV transition goals.

Sources: Reuters, The Economic Times, Business Standard