CIL and Hindustan Copper Unite for Critical Mineral Development

State-owned CIL has struck a strategic partnership with Hindustan Copper, signing a Memorandum of Understanding (MoU) to collaborate in the critical minerals sector.

The non-binding agreement, finalized on Monday, allows both companies to explore and develop various aspects of the copper and critical minerals industries. This follows a similar pact between CIL and IREL (India) Ltd in pursuit of advancing mineral sands and rare earth elements.

Amidst rapidly growing demand for clean energy technologies, raw materials like copper, lithium, nickel, cobalt, and rare earth are crucial. CIL, responsible for over 80% of the domestic coal output, is adapting to this evolving energy landscape.

(With inputs from agencies.)