India-Russia Critical Minerals Agreement Talks
Analysis based on 10 articles · First reported May 12, 2026 · Last updated May 12, 2026
The potential agreement between India and Russia on critical minerals, particularly Galan Lithium and Rare-earth element, could significantly impact global supply chains by reducing India's dependence on China. This diversification could lead to increased investment opportunities in the mining and processing sectors in India and Russia, while potentially affecting the market dominance of China.
India and Russia are in advanced talks to sign a preliminary agreement on critical minerals, focusing on Galan Lithium and Rare-earth element. This deal aims to cover exploration, processing, and technological collaboration, with an expected signing within two months. India's motivation is to reduce its reliance on China, which currently dominates global supplies of these key minerals, and to secure new overseas sources to support its energy transition and infrastructure development. India has already signed similar agreements with Argentina, Australia, and Japan, and is in talks with Peru and Chile. The agreement could also lead to a revisit of Rosatom's lithium exploration project in Mali, from which India previously withdrew due to security concerns.
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