India is scrambling to secure rights to explore a cobalt-rich underwater mountain in the middle of the Indian Ocean but its bid has come up against competing claims at a time when Sri Lanka, too, is looking to mine the region for precious minerals.
The urgency behind India’s application comes from fears over China’s presence in the Indian Ocean, at a time when the world’s second-largest economy already dominates the global cobalt supply chain, Indian officials and analysts told Al Jazeera.
