Beyond Alumina: Nalco Joins the Global Mineral Race

National Aluminium Company Limited (Nalco) is exploring entry into rare earth element (REE) mining as part of its strategy to diversify beyond its core bauxite and alumina operations.

The company is currently undertaking due diligence with its bid advisor to evaluate opportunities arising from domestic auctions of REE, magnesium, and chromite blocks. This initiative aligns with India’s broader push to reduce import dependence and curb China’s dominance in the supply of critical minerals essential for sectors such as electronics, defence, renewable energy, and electric vehicles. Rare earth elements are vital components in technologies including wind turbines, EV motors, and missile guidance systems.

In parallel, Nalco is also examining the acquisition of a stake in an operational lithium mine in Australia through a joint venture. The move is intended to secure a reliable supply of lithium, a key input for India’s growing electric mobility and renewable energy ecosystems. Nalco Chairman Brijendra Pratap Singh reiterated the company’s commitment to expanding its critical minerals portfolio in support of India’s self-reliance objectives.

News by Rahul Yelligetti.