India and Russia Progress in Critical Minerals Agreement to Diversify Supply Chains
India and Russia are reportedly in advanced discussions to finalize a preliminary agreement focused on critical minerals, particularly lithium and rare earths. This agreement aims to enhance exploration, processing, and technological collaboration between the two nations. The deal is expected to facilitate corporate investments and could be signed within the next two months. The Ministry of Mines in India is leading these discussions, although no official comments have been made by either the Indian or Russian authorities. This move is part of India's broader strategy to reduce its reliance on China, which currently dominates the global supply of several key minerals. India has been actively seeking new overseas supplies to support its energy transition and infrastructure development, having already signed agreements with countries like Argentina, Australia, and Japan. 
