India’s 100% import dependence on key minerals, over 90% reliance on China for graphite, and heavy supplier concentration across lithium, cobalt and copper are emerging as major risks for its s energy transition, with global supply disruptions threatening availability and costs. India remains fully dependent on imports for lithium, cobalt and nickel, leaving critical sectors exposed to geopolitical tensions, export controls and price volatility. The risks are amplified by concentrated sourcing — China accounts for over 91% of synthetic graphite imports, while Finland supplies nearly 60% of cobalt oxide and hydroxide imports, highlighting structural vulnerabilities in supply chains.