Nalco Eyes Critical Mineral Mining to Boost Self-Reliance

India's state-owned Nalco is exploring ventures into mining rare earth elements and lithium for diversification. This move aims to reduce import dependence and enhance self-reliance in critical minerals vital for electronics, renewables, and EVs. Expansion plans include boosting lithium imports with KABIL and increasing domestic mineral output.

Nalco, India's state-owned company, is exploring the mining of rare earth elements (REEs) and lithium, marking a shift in its strategic focus beyond traditional bauxite and alumina mining.

This initiative is part of a broader goal to reduce India's reliance on imports and enhance self-sufficiency in critical minerals essential for various high-tech industries.

By potentially increasing its stake in KABIL and participating in domestic REE auctions, Nalco aims to secure a steady supply chain for India's burgeoning EV and renewable energy sectors, aligning with national objectives for economic independence and clean energy transition.

(With inputs from agencies.)