💨 Abstract

India is set to sign a preliminary agreement with Mongolia for geology and exploration, aiming to source copper and coking coal from Mongolia, which is rich in these deposits. The deal is expected to boost India's efforts to meet rising demand for these resources, primarily used in power, construction, electric vehicles, and steelmaking. Companies like Adani, Hindalco, and Vedanta have shown interest in sourcing copper from Mongolia.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖