Diversification plan: NMDC scouts for mining assets across four continents
State-owned mining giant NMDC is actively scouting for mineral assets across four continents to diversify its portfolio beyond iron ore. The company aims to secure critical minerals like lithium, copper, and cobalt to support India's growing automotive, renewable energy, and electronics sectors.
Why it matters
This strategic expansion is vital for India's industrial growth and energy transition, as it seeks to reduce dependency on imports for essential raw materials.
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