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MOIL’s global play: India’s miner targets critical assets amid China’s restraint

  • MOIL, an Indian miner, is in early negotiations for international assets to secure critical battery minerals like copper, nickel, and vanadium.
  • They are considering deals with companies in Finland, Australia, South Africa, and Indonesia to diversify their mineral portfolio.
  • MOIL is also targeting a production ramp-up to 3.5 million tonnes by 2030 and seeking to increase its domestic market share to 32% from the current 18%.
  • The company's revenue for FY25 was ₹1,696 crore, with a profit after tax of ₹382 crore; they are also working on expanding their production capacity domestically, facing delays in environmental clearances.

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