India explores acquisition of Sri Lankan graphite mines

The Indian government had discussions with the government of Sri Lanka on acquiring graphite mines there, sources said.

India is in talks with Sri Lanka to acquire graphite mines in the island nation. The demand for graphite is steadily increasing, as it is the most common material used for anodes in lithium-ion and other batteries.

The Indian government had discussions with the government of Sri Lanka on acquiring graphite mines there, sources said.

However, the sources refused to give further details stating that the talks are at very preliminary stage.

The graphite found in Sri Lanka is of very good quality.