NLCIL and IREL sign MoU to secure critical minerals and rare earths
NLC India Limited (NLCIL) and Indian Rare Earths Limited (IREL) have signed a memorandum of understanding (MoU) to collaborate on the sourcing and development of critical minerals and rare earth elements (REE). The agreement was formalized on May 6, 2025. The partnership will focus on mining, extraction, and refining of key minerals vital to India’s energy security and technological growth. These include materials essential to renewable energy, electric mobility, defence, and electronics sectors. The companies…