India and Russia Push Joint Ventures in Critical Minerals and Rare Earths

India and Russia are advancing plans to develop joint ventures in critical minerals and rare earth elements, strengthening cooperation in strategic resource sectors vital for clean energy, electronics, and advanced manufacturing. The initiative reflects a shared intent to secure reliable supply chains amid growing global competition for essential raw materials.

The proposed collaborations are expected to cover exploration, mining, processing, and technology sharing, leveraging Russia’s vast mineral reserves and India’s expanding industrial and manufacturing base. Officials from both sides have indicated that the partnerships aim to reduce import dependence and enhance long-term resource security.

The move aligns with India’s broader strategy to ensure access to key minerals required for electric vehicles, renewable energy systems, defence applications, and semiconductor manufacturing. For Russia, the joint ventures offer opportunities to expand market access and deepen economic engagement with India in high-value sectors.

Analysts say the push for joint ventures underscores the increasing geopolitical and economic importance of critical minerals and rare earths, as countries seek to diversify supply sources and build resilient mineral value chains.