Russia Offers India Access to Tomtor Rare Earth Deposit to Strengthen Supply Chains

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-16
Category: world
Source: Reuters
Original source

Russia has offered India access to the Tomtor rare earth metals deposit in Siberia, one of the world's largest undeveloped sources of rare earth elements. This move aims to help India strengthen its domestic supply chains for critical minerals and reduce its reliance on China, which currently dominates the global rare earth industry.

Want more?

Open NewsSnap.ai for the full app experience, including audio, personalization, and more news tools.

Open NewsSnap.ai