NMDC in talks with Russia's Rosatom over lithium investments, sources say
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects.
- ✓These discussions help India secure supplies for its battery and EV industries.
- ✓NMDC officials visited Russia last month to explore mining opportunities.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
NEW DELHI/MOSCOW: Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in Russian lithium projects, three people familiar with the matter said, as India steps up efforts to secure supplies of the metal for its battery and EV industries.
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Economic Times
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