India and Russia Advance Joint Ventures in Critical Minerals and Rare Earths – EQ
In Short : India and Russia are strengthening cooperation to develop joint ventures in critical minerals and rare earth elements, aiming to secure supply chains for strategic industries. The collaboration focuses on exploration, mining, and processing, reducing dependence on limited global suppliers. This partnership supports manufacturing, clean energy, and technology sectors while reinforcing long-term economic and geopolitical ties between the two countries.
In Detail : India and Russia are moving to deepen collaboration through joint ventures focused on critical minerals and rare earth elements, reflecting shared concerns over supply security and strategic resource access.
The initiative aims to support sectors such as clean energy, defence, electronics, and advanced manufacturing, all of which depend heavily on reliable supplies of these essential raw materials.
Joint ventures are expected to cover the entire value chain, including exploration, extraction, processing, and refining, enabling both countries to move beyond raw material exports toward higher value-added activities.
For India, the partnership offers an opportunity to diversify sources of critical minerals and reduce vulnerability to supply disruptions in global markets dominated by a few producers.
Russia brings significant geological reserves and mining expertise, while India contributes growing industrial demand, technical capabilities, and a large manufacturing base.
The collaboration aligns with broader national strategies focused on self-reliance, industrial resilience, and strengthening domestic capabilities in emerging and strategic technologies.
Industry stakeholders view such partnerships as essential for building stable supply chains that can support the rapid expansion of renewable energy, electric mobility, and digital infrastructure.
Beyond economic benefits, the joint venture approach also reinforces long-term strategic ties, reflecting a shared interest in deeper industrial and technological cooperation.
As discussions progress, these initiatives are expected to play a key role in shaping future cooperation on resource security and supporting sustainable industrial growth in both countries.
