With the race for lithium intensifying across the world, Indian public sector miner NMDC is in discussion to invest in lithium-focused exploration firms in Australia to secure offtake for India.
The investment in Australia would be through NMDC’s Perth-based subsidiary, Legacy Iron Ore, which is already doing exploration in iron ore, gold and base metal assets.
Sumit Deb, chairman and managing director, NMDC, said, “The government mandate was that we need to pick up some offtake. We are working on it. The investment would be attached to an offtake.”