FCC

NMDC explores lithium assets in Africa and Australia

2024-04-08

NMDC Limited, previously known as the National Mineral Development Corporation, is an Indian company that mines iron ore. According to a source, the company is exploring lithium assets in both Africa and Australia, with the aim of expanding its portfolio beyond iron ore.

NMDC Limited is interested in exploring potential opportunities in the lithium market in these regions.

NMDC is in the process of seeking lithium blocks from the Indian government on a nomination basis. This strategic move indicates the company's intent to diversify its resource base and tap into the growing demand for lithium, a key component in various industries, including renewable energy and electric vehicles.