Australia earmarks five lithium mines for Indian companies

Australian authorities have identified at least five mines containing lithium and cobalt, and these resources have been earmarked for Indian entities, led by the state-owned Khanij Bidesh India (KABIL). KABIL is a joint venture involving state-run entities like NALCO, Hindustan Copper, and the Mineral Exploration Corporation. This development is a positive step for India’s efforts to secure essential minerals from abroad.

The collaboration between India and Australia, initiated after the Covid-19 outbreak, aims to establish a resilient supply chain and reduce dependency on China. The Economic Cooperation and Trade Agreement (ECTA), supported by KABIL and Australia’s Critical Minerals Office, is gaining momentum in this regard. Discussions for a dedicated chapter on critical minerals are expected to occur during an upcoming full free trade agreement (FTA) between the two countries.

India is also exploring similar opportunities in other countries like Mongolia, Argentina, and Chile, focusing on minerals such as copper and lithium. The Indian government is considering potential FTAs with Peru and Chile to secure critical minerals. In addition to securing the supply of these minerals, India is also taking steps to enhance domestic processing capabilities, particularly in areas where China dominates.

To support the processing of these minerals, India is inviting laboratories to contribute their expertise in developing technologies for mineral processing used in battery manufacturing. Recent amendments to the Mines and Minerals Act are expected to boost domestic mining efforts, with a focus on exploration and development. India’s investment in domestic mining is comparatively lower, and these efforts aim to increase investment and secure critical mineral resources for the nation’s energy transition and economic development.

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Britain ramps up war economy to prepare for future conflict

In a major shift toward long-term military preparedness, the United Kingdom has unveiled plans to establish a permanent, scalable munitions production base as part of its transition to a war-ready posture amid rising global security threats. The initiative reflects a significant course correction in British defense policy following years of underinvestment, exacerbated by the ongoing war in Ukraine and geopolitical instability across Europe and beyond.

The Ministry of Defence announced on Sunday that the UK will invest £1.5 billion ($2 billion) to construct six state-of-the-art munitions factories across the country. These facilities will create a continuous “always on” manufacturing capability, enabling Britain to rapidly scale up production of ammunition and other critical weaponry in times of crisis.

Washington’s research cuts undermine the engine of reindustrialization

Since the 1990s, U.S. cities from Cleveland to Raleigh-Durham to Austin have leaned on research universities, teaching hospitals, and federally funded science to counter the collapse of mid-century manufacturing. That mix of steady clinical demand, grant-driven labs, and tech transfer offices that push IP into startups has quietly built America’s modern innovation backbone: biotech and oncology, robotics and AI, medical devices and materials science.

It’s imperfect; universities can feel extractive on tax bases, and prosperity often skips the blocks right outside the campus gates. But thriving metro areas have tethered to a research complex or health system. In Pittsburgh, nearly 200,000 people work in education and health, versus fewer than 7,500 in steel. On the ground, “eds and meds” isn’t a slogan; it’s payroll, procurement, and patient capital.

UK extends clean power contracts to 20 years to spur investment

The British government on Tuesday announced significant changes to its flagship scheme for promoting clean energy, aiming to accelerate the expansion of renewables and strengthen the country’s progress toward its ambitious decarbonisation goals. The updates center on the Contracts for Difference (CfD) scheme, which is the UK’s primary tool for attracting investment in low-carbon electricity generation.

One of the most consequential changes is the extension of contract lengths under the scheme. Contracts awarded to offshore wind, onshore wind, and solar projects will now last 20 years, up from the current 15-year terms. This adjustment means the guaranteed payments for generated electricity will be spread out over a longer period, reducing the annual cost burden on consumers while simultaneously offering investors a longer horizon of revenue certainty.

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