India and Mongolia Set to Forge Strategic Mineral Partnership

India is in advanced talks with Mongolia to establish a preliminary pact focusing on mineral shipments between the two nations. The agreement, expected to be finalized soon, will primarily cover the transit of coal and copper. This move comes as Indian steelmakers like JSW Steel and SAIL are exploring coking coal imports from Mongolia. The pact aligns with India's broader strategy to secure critical minerals, with ongoing exploration efforts in Russia, Chile, and Zambia. This partnership could significantly boost India's access to essential raw materials while offering Mongolia a valuable export avenue beyond its traditional markets.

Source: Reuters, Business Standard