NMDC Limited has signed a non-binding Memorandum of Understanding (MoU) with Gujarat Mineral Development Corporation Limited (GMDC) to explore collaboration in rare earth elements and associated minerals. The agreement was executed on 16 March 2026.
The MoU aims to strengthen cooperation between the two entities to secure India‘s critical mineral supply chain. It focuses on developing an integrated rare earth value chain in India, covering exploration, mining, processing, separation, and downstream manufacturing. This collaboration is expected to bolster India’s position in the rare earth sector, which is crucial for various high-tech industries.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).