Chile & Coal India

Chile: Chile holds significant lithium resources and is the location of the assets. The government's licensing process is a key determinant of the deal's progress, and the change of government has caused delays.

Coal India: Coal India is the main actor considering the acquisition, which would diversify its portfolio into lithium and align with India's critical minerals strategy. The deal is pending licence approval, and its success could enhance Coal India's growth prospects.

Chile: Chile is a focus for lithium acquisition, with Coal India considering acquiring Wealth Minerals' unit with lithium assets there.

Coal India: Coal India is the central entity, expanding into critical minerals and overseas trading. This diversification could improve its long-term growth and reduce coal dependence.

Chile: Source of copper mines; potential beneficiary of increased exports to India.

Coal India: Potential partner in securing mining blocks; diversification into copper.