Nalco eyes foray into rare earths

State-owned National Aluminium Co. Ltd (Nalco) is open to venturing into mining of rare earth elements (REEs) with its bid adviser conducting due diligence on domestic auctions for REEs, magnesium and chromite blocks, its chairman and managing director Brijendra Pratap Singh said on Monday.

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The move signals Nalco’s diversification strategy beyond bauxite and alumina, targeting high-value critical minerals essential for electronics, defence, renewables and electric vehicles (EVs).