India’s NMDC looking at lithium assets in Africa and Australia

Indian iron ore miner NMDC Ltd said on Friday it is looking at lithium assets in Africa and Australia, according to a statement.

The company also said that it has so far not applied for lithium blocks on a nomination basis from the Indian government.

In June last year, Reuters reported that NMDC’s unit Legacy Iron Ore had signed a lithium exploration pact with Australia’s Hancock Prospecting Pty Ltd.

NMDC shares were down 1.7% on Friday.

(By Neha Arora, Ashna Teresa Britto and Navamya Ganesh Acharya; Editing by Sonia Cheema)