India Eyes Russian Siberian Deposit to Secure Critical Rare Earth Supplies

India is intensifying its strategic efforts to diversify critical mineral supply chains by exploring rare earth samples from Russia’s massive Tomtor deposit in Siberia. This move marks a significant step in the nation's mission to reduce its heavy dependence on China for essential materials required for high-tech manufacturing.

Strategic Move Toward the Tomtor Deposit

In a major development for India's mineral security, state-owned miner IREL, which operates under the Department of Atomic Energy, is reportedly in discussions with the Russian oil major Rosneft. The talks focus on sourcing mineral samples from the Tomtor deposit located in Yakutia, Siberia—one of the world’s largest undeveloped rare earth deposits.

According to reports, these discussions are being routed through official government channels to maintain confidentiality. The proposed plan involves processing the mineral samples in Russia before they are shipped to India for detailed analysis. India's immediate objective is to study the specific mineral composition of the Tomtor deposit to determine the feasibility of deeper long-term engagement and large-scale sourcing.

Reducing Dependence on China and Strengthening Domestic Capacity

The push for Russian minerals comes at a critical time as India seeks to insulate its high-growth sectors from the volatility of China-dominated supply chains. Rare earth elements are indispensable components in the production of electric vehicle (EV) motors, advanced defence systems, and clean energy technologies.

While India holds the world's third-largest rare earth reserves—estimated at approximately 7.23 million metric tons—the country currently lacks the large-scale refining capacity required for high-purity separation. To bridge this gap, the Indian government has approved a ₹73 billion ($770.77 million) programme specifically aimed at boosting domestic rare earth magnet production. The goal is to establish a robust domestic manufacturing ecosystem for magnets by the 2029–30 period.

A Multi-Pronged Global Sourcing Strategy

India is not limiting its exploration to Russia alone; instead, it is executing a multi-pronged global strategy to secure its mineral future. IREL is concurrently holding discussions with firms in Japan and South Korea to leverage technical expertise and supply security.

Beyond Eurasia, India is actively evaluating mining prospects in several key geographies, including:

By diversifying its interests across multiple continents and engaging with various technological partners, India is positioning itself to transform from a reserve-holder into a global player in the critical minerals value chain.

Key Takeaways