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The Economic Times

Economy / The Economic Times

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Nalco eyes foray into rare earths, magnesium, chromite amid critical minerals push

State-owned Nalco is exploring entry into rare earth element (REE) mining as part of its diversification beyond bauxite and alumina, with a bid advisor conducting due diligence on domestic auctions for REEs, magnesium and chromite blocks. The move aligns with Indias push to reduce import dependence and curb Chinas dominance in critical minerals used in electronics, defence, renewables and electric vehicles.

19 Jan 2026 9:21 am