India approves $1.88bn to develop critical minerals sector
The funding illustrates India's efforts to reduce its reliance on imports of minerals such as lithium.
Indian iron ore miner NMDC Ltd said on Friday it is looking at lithium assets in Africa and Australia, according to a statement.
The company also said that it has so far not applied for lithium blocks on a nomination basis from the Indian government.
In June last year, Reuters reported that NMDC’s unit Legacy Iron Ore had signed a lithium exploration pact with Australia’s Hancock Prospecting Pty Ltd.
NMDC shares were down 1.7% on Friday.
(By Neha Arora, Ashna Teresa Britto and Navamya Ganesh Acharya; Editing by Sonia Cheema)
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