HCL, Oil sign MoU to boost critical mineral development

HCL, Oil sign MoU to boost critical mineral development

Oil India Limited (OIL) and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on exploration and development of critical and strategic minerals, including copper, the Press Information Bureau (PIB) reported on Friday. The partnership is aimed at reducing import reliance and strengthening India’s long-term mineral security. The agreement, signed in…

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Critical mineral investments stalled by economic uncertainty despite strong demand outlook: IEA

Critical mineral investments stalled by economic uncertainty despite strong demand outlook: IEA

Investment decisions in the global critical mineral sector face significant market and economic uncertainties, despite strong expectations for future demand growth, according to the International Energy Agency (IEA). In its Global Critical Minerals Outlook 2025, the IEA added that investment momentum in critical minerals development weakened in 2024, rising just 5 per cent compared to…

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