State-owned NMDC is in preliminary talks to invest in Russian projects as it scouts globally for critical minerals

Indian state-run mining major NMDC is in preliminary talks with Russia’s Rosatom to invest in Russian lithium assets, Reuters has reported citing sources.

The reported talks come as India aggressively tries to secure critical mineral supplies to power its booming battery and electric vehicle (EV) sectors, and clean energy transition.

NMDC officials visited Russia last month to attend a conference and hold discussions with Rosatom, the report said. The miner is keen on exploring both lithium mining and processing opportunities in Russia.

The Indian company did not respond to the news agency. However, a Rosatom spokesperson told Reuters that it is not currently in talks with the Indian miner.

India relies heavily on imports from China, Vietnam, and Ecuador to meet its domestic lithium demand.…