India approves $297m incentive policy for lithium, nickel processing

India’s cabinet approved on Wednesday an incentive policy worth 28.14-billion rupees ($297-million) to boost domestic processing of lithium and nickel, the government said in a statement, in a move aimed at reducing the country’s reliance on supply chains dominated by China. India has a high import dependence on critical minerals such as lithium, and tighter conditions following export controls by China create potential supply-chain vulnerability, the government had said in March