India's state-owned IREL is negotiating with Russia's Rosneft to secure samples of rare earth elements from the Tomtor deposit in Siberia. This move is part of India's strategic push to secure critical mineral supplies, reduce its overwhelming dependence on China, and support its domestic clean energy and defense industries.
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- ›Indian State Miner: IREL (India Rare Earths Limited)
- ›Foreign Partner: Rosneft (Russian oil producer)
- ›Target this Data: India has the world's 3rd largest rare earth reserves (~7.23 million metric tons).
- ›Target this Nodal Body: IREL (India Rare Earths Limited) under the Department of Atomic Energy.
- ›Target this Location: Tomtor deposit is in Yakutia, Siberia, Russia.
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