Indian Miner Lohum Targets Overseas Nickel in Push to Cut China Reliance
Lohum plans to buy nickel mines in Indonesia and the Philippines to raise production to 10,000 metric tons a year within 18 months. It seeks $105 million in equity and 20 billion rupees in debt. The company is also pursuing lithium in Zimbabwe and other battery-material projects.
Why it matters: This reflects the theme of China reliance as India works to develop its own critical minerals supply chain.