KABIL acquires five critical mineral blocks in Argentina
GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Prelims + Mains·
Why in news
Khanij Bidesh India Limited (KABIL) secured five critical mineral blocks in Argentina to reduce India's 93% import dependence on these minerals.
Background
KABIL is a joint venture between National Aluminium Company Ltd. (NALCO) and Hindustan Copper Ltd. (HCL). The National Critical Minerals Mission has an outlay of ₹32,000 crore to achieve long-term self-reliance.
Facts for Prelims
- BodyKABIL: A joint venture between NALCO and Hindustan Copper Ltd. (HCL)
- FactIndia currently imports nearly 93% of its critical mineral requirements
- FactNational Critical Minerals Mission outlay: ₹32,000 crore
- PlaceArgentina: Location of the five newly acquired critical mineral blocks
For Mains
Q. Discuss the strategic importance of securing overseas critical mineral assets for India's industrial self-reliance and technological advancement.
Dimensions to cover in your answer
- Supply chain security: Mitigating risks of high import dependence for minerals essential to green energy and electronics
- Geopolitical leverage: Securing long-term access to mineral-rich regions to stabilize domestic manufacturing costs
Keywords: Critical Minerals · Self-reliance · Supply Chain Resilience · Strategic Autonomy · Mineral Diplomacy
More Economy notes
- Will SpaceX's $75 billion IPO set the ball rolling for Reliance Jio and NSE listings in India? · 15 June 2026
- Sensex Today, Stock Market LIVE Updates | Nifty | Share Market: Sensex Jumps 1,100 Points As Oil Prices Fall On US-Iran Peace Deal · 15 June 2026
- Nirmala Sitharaman inspects Bengaluru–Chennai Expressway works near Devanahalli · 15 June 2026
- Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banks · 14 June 2026
- FPI exodus continues, Rs 62,800 cr pulled out from equities in first fortnight of June · 14 June 2026
- In Zojila, light at the end of tunnel · 14 June 2026
Something wrong, or something missing?
Spotted a mistake in a note, or want a topic, format or PDF that would help your preparation? Write to us. We read every mail and fix errors fast.
This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.