India Eyes Siberian Rare Earth Deposits to Reduce China Dependency

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 signals New Delhi's growing urgency to secure the essential raw materials required for the next generation of green technology and defense manufacturing.

Strategic Negotiations with Russia's Rosneft

State-owned miner IREL, operating under the Department of Atomic Energy, is currently in discussions with the Russian oil major Rosneft to source samples from the Tomtor deposit in Yakutia. This deposit, which Rosneft acquired last year, is recognized as one of the world’s largest undeveloped rare earth sites.

According to reports, these high-level discussions are being routed through official government channels to maintain confidentiality. The proposed process involves the samples being processed within Russia before being shipped to India for detailed analysis. India’s primary objective is to conduct a rigorous study of the mineral composition at Tomtor to determine the feasibility of long-term, large-scale engagement.

Strengthening the Domestic Magnet Ecosystem

The push for rare earth security comes at a critical time for India's industrial roadmap. Rare earth elements are indispensable components in electric vehicle (EV) motors, advanced defense 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 nation currently lacks the large-scale refining capacity required for high-purity separation.

To bridge this gap, the Indian government has approved a substantial ₹73 billion ($770.77 million) programme aimed at boosting domestic rare earth magnet production. The strategic goal is to establish a robust manufacturing ecosystem capable of producing high-quality magnets by the 2029–30 period.

A Multi-Pronged Global Sourcing Strategy

Securing a stable supply chain is a cornerstone of India's "China Plus One" strategy for critical minerals. Moving away from a heavy reliance on Chinese imports, IREL is pursuing a diversified global approach. In addition to the Siberian prospects, India has previously explored sourcing samples from Myanmar and is currently evaluating mining opportunities in Argentina, Australia, and Malawi.

Furthermore, IREL is maintaining parallel discussions with key industrial partners in Japan and South Korea. This multifaceted approach—combining domestic reserve utilization, international mining exploration, and technological partnerships—is designed to insulate India's high-tech sectors from geopolitical volatility and supply chain disruptions.

Key Takeaways