Hindustan Zinc Aims Profits from Extracting Hard-to-Find Critical Minerals Like Gold, Platinum, Lithium, and Graphite

Hindustan Zinc Ltd is interested in extracting critical minerals that are hard to find and difficult to mine, giving the company an edge over competitors, said CEO Arun Misra. “We focus on minerals deep in the earth, which are rare and complex to extract. That’s our advantage,” Misra explained in an interview. He mentioned that gold, platinum, lithium, and graphite fit this description.

While Hindustan Zinc is India’s largest producer of zinc, lead, and silver, it is now exploring all critical minerals. Earlier this year, the company formed a subsidiary, Hindmetal Exploration Services, to focus on these minerals.

Misra noted that they don’t necessarily seek synergies with critical minerals but see them as valuable additions to their portfolio.

Hindustan Zinc is controlled by Vedanta, a major natural resources company. Vedanta’s chairman, Anil Agarwal, has emphasized the importance of local production to reduce reliance on imports. “India depends on imports for these minerals, much like it does for oil. We should produce them domestically,” Agarwal stated on social media platform X earlier this week.