# India's NMDC Explores Lithium Investment Opportunities With Russia's Rosatom State-run miner NMDC seeks to secure critical mineral supplies through potential Russian partnerships. - **Source:** [The Hindu – International](https://www.thehindu.com/news/international) - **Published:** 2026-11-10 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/f6b3148d-9535-46e8-9884-cd4e8a0ee595 ## Strategic Mining Negotiations Indian state-run miner NMDC Ltd. is currently engaged in preliminary discussions with Russia’s state nuclear firm, Rosatom. The talks focus on potential investments in Russian lithium projects. This move aligns with India's broader strategy to secure critical mineral supplies necessary for the country's rapidly expanding electric vehicle and battery manufacturing industries. ## Recent Diplomatic Engagements NMDC officials traveled to Russia last month to attend a conference, during which they held meetings with Rosatom representatives. While three sources confirmed these discussions occurred, a Rosatom spokesperson stated the company is not currently engaged in talks with NMDC. NMDC has not provided a formal comment regarding these specific international negotiations. ## Diversification of Mineral Assets NMDC has established a 12-member team dedicated to conducting due diligence on potential critical mineral assets globally. The company previously announced intentions to explore acquisition opportunities across Africa, Australia, and South America. This initiative is part of a comprehensive global mineral diversification strategy aimed at reducing reliance on single-source supply chains. ## Domestic Processing Incentives The Indian government recently approved an incentive policy worth 28.14 billion rupees, approximately 297 million dollars, to bolster domestic processing of lithium and nickel. This policy aims to address the nascent state of India's processing capacity. Currently, the nation remains heavily dependent on imports from countries like China, Vietnam, and Ecuador. ## Russian Lithium Development Although Russia possesses significant lithium reserves, the country currently lacks commercial production capabilities. Rosatom and Nornickel are actively developing Russia's largest lithium deposit through their joint venture, PolarLithium. Commercial production from this specific project is projected to commence by 2030, marking a significant shift in the nation's industrial mineral output capacity. ## Supply Chain Vulnerabilities India's push for international lithium partnerships stems from the critical need to stabilize its battery supply chain. By exploring opportunities in Russia, NMDC seeks to mitigate risks associated with current import dependencies. The success of these preliminary talks could determine future bilateral cooperation in the energy sector between the two nations. ## Broader Industrial Context The global race for lithium is intensifying as nations prioritize the transition to electric mobility. NMDC’s interest in Russian assets reflects a competitive landscape where state-backed entities are aggressively seeking control over raw material sources. These efforts are essential for supporting the long-term viability of domestic battery manufacturing and energy storage. ## Future Outlook The potential partnership between NMDC and Rosatom remains in the early stages of exploration. Observers should monitor whether these discussions evolve into formal agreements or if NMDC pivots toward other international assets. The outcome will likely influence India’s ability to meet its ambitious domestic production targets for the coming decade. ## Sources covering this story - https://www.thehindu.com/business/nmdc-said-to-be-in-talks-with-russias-rosatom-over-lithium-investments/article71687322.ece — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._