India Lohum Seeks Nickel Mines
Indian critical minerals producer Lohum plans to acquire nickel mines in Indonesia and the Philippines to boost production and meet rising demand for battery materials. The company aims to raise significant capital to fund its global expansion and recycling initiatives.
Indian critical minerals producer Lohum is seeking to buy nickel mines in Indonesia and the Philippines as it targets a tenfold production increase. The expansion aims to meet surging demand for battery minerals while scaling up domestic supply chains. Founder and chief executive Rajat Verma said the firm wants to lift its annual nickel output to 10,000 metric tons over the next 18 months.
