India is considering the possibility of concluding agreements on production and supply rare earth metals With Russia, Australia, Argentina, Chile and a number of countries Africareports Reuters.
Search for alternative sources of raw materials from outside New Delhi was a direct response to restrictions on the export of rare earth metals and related technologies introduced China.
In October 2025 Beijing began to gradually limit exports permanent magnets, batteriesbattery components, and rare earth processing technologies. These measures were taken against the backdrop of worsening trade tensions between China And USA.
“In our country and abroad, we will invest and conduct exploration. We also cooperate with other companies in the field of rare earth elements. This is still the initial stage,” he said in an interview. Reuters chairman Bharat Coking Coal Ltd (BCCL) Manoj Kumar Agarwal.
According to him, New Delhi is already in discussions with a number of companies to secure alternative sources of strategic minerals. On the domestic market BCCL plans to cooperate with government agencies IREL, Khanij Bidesh India Ltd And Hindustan Copper.
These steps reflect the desire India ensure a sustainable supply of critical resources needed for metallurgy, automotive industry, clean energy And defense industry.
The projects are expected to be financed from funds raised during the oversubscribed IPO Bharat Coking Coal Ltdwhich brought about $119 millionthe agency notes.
Rare earth elements used in a wide range of products – from televisions and smartphones to guidance systems, electronics and military technology. They are considered a key component of the modern high-tech economy.
China still holds a dominant position in the market, controlling more than 90% of world refining capacity rare earth metals, making any export restrictions extremely sensitive to global supply chains.
IN Reuters note that the infrastructure breakthrough India and growing demand for steel will support long-term growth and also open up new opportunities for resource-rich countries in Africawho are looking for alternative global partners.
Simultaneously India And Russia confirmed their intention to deepen trade and investment cooperation in Far Eastern region And Arctic zoneincluding projects in the field energy And mining.
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