From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.NMDC said to be in talks with Russia’s Rosatom over lithium investments
What's behind this
NMDC Ltd, the Indian state‑run miner, is in discussions with Russia’s nuclear corporation Rosatom about investing in lithium mining and processing projects. The talks are framed as part of India’s broader effort to diversify critical mineral supplies in response to rising demand from battery manufacturing and electric‑vehicle sectors. NMDC says it is pursuing a global mineral diversification strategy and has set up a team to carry out due‑diligence on the potential lithium investments.
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Rosatom and Russian miner Nornickel, however, are developing the country’s largest lithium deposit through their PolarLithium joint venture, with commercial production expected to begin by 2030
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right · 2 outlets
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…
RSS excerpt
Rosatom and Russian miner Nornickel, however, are developing the country’s largest lithium deposit through their PolarLithium joint venture, with commercial production expected to begin by 2030
