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The Economic Times

Economy / The Economic Times

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NMDC in talks with Russia's Rosatom over lithium investments, sources say

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.

10 Nov 2026 3:55 pm