India Moves to Expand Coking Coal, Nickel Imports from Russia
An Indian delegation is said to have held preliminary discussions in Russia in May with government officials and industry representatives regarding potential cooperation and resource sourcing.
Coking coal has recently been designated as a critical and strategic mineral in India due to its heavy reliance on imports. State-owned firms, including the Steel Authority of India (SAIL) and NMDC, are reportedly evaluating new supply arrangements and holding talks with Russian counterparts, according to reports.
SAIL has also reportedly established an internal committee to assess sourcing options, while NMDC continues to explore overseas acquisition opportunities in the coking coal sector.
India currently relies heavily on Australia for more than half of its coking coal imports, with additional supplies coming from Russia and the United States. Nickel, another key input for steel and battery production, is also largely imported from multiple global suppliers, including China, Japan, Norway, and the US, with only limited volumes from Russia.
The materials are considered increasingly important for India’s industrial expansion and its push toward electric mobility targets, including ambitious goals for electric vehicle adoption by 2030, according to reports.
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