NMDC is in talks with Rosatom over lithium investments
In short
NMDC is talking with Russia’s Rosatom about lithium investments.
The company has set up a team to check the deal. The move fits its push to diversify into more minerals, while India also wants more local processing of critical minerals.
What the reporting says
NMDC is in talks with Russia's Rosatom over lithium investments, according to sources. The company has formed a team for due diligence as it looks to expand its global mineral diversification strategy. The Indian government is also investing in domestic processing of critical minerals to cut import dependence. The discussions point to a broader push into lithium and critical minerals.
Why it matters
NMDC is in talks with Russia's Rosatom over lithium investments, with a due diligence team already formed. The reported strategy is to expand global mineral diversification, while the Indian government is also pushing domestic processing of critical minerals to reduce import dependence. The potential impact is on NMDC’s mineral strategy and the wider critical-minerals supply chain.