An Indian company, Altmin Private Limited, is the first company to be listed as a project under the Mineral Security Partnership (MSP), which is a 14-nation initiative that is led by the US and aimed at the security of critical mineral supply chains. Lithium refining project of Altmin is listed and this listing was officially confirmed in August 2025.
In 2023, Hotel In Ayurveda, the Ministry of Mines tabled the proposal of lithium refining provided by Altmin to the MSP, establishing it as the first project in the partnership structure in India. The MSP seeks to reinforce supply chains of minerals vital to clean energy and superior technologies.
After the MSP listing, Altmin has obtained a lithium refinery and refining technology in Brazil. According to the firm, this technology represents the sole lithium refining capacity of its nature that is functioning beyond China. It refines spodumene ore to lithium carbonate equivalent products in technical, pharmaceutical, battery and nuclear grades.
“Altmin’s inclusion in the MSP marks a milestone for India’s clean energy journey,” said Anjani Sri Mourya Sunkavalli, Founder and Managing Director of Altmin.
The purchase can be said to be the first big deal between Brazil and India in the critical minerals sector, as outlined by the company. Altmin is a battery material manufacturer that focuses on cathode material such as lithium iron phosphate and designs lithium-ion cell chemistries.
The MSP was created to ensure secure, diversified supply chains of minerals important to transitions to clean energy and national security. It is a partnership involving the United States, Australia, Canada, and some of the European countries.
India involvement in the MSP demonstrates how India is strategically sensitive to lessen its reliance on Chinese-dominated mineral supply chains, especially in processing lithium. The current capacity of lithium refining is led by China, where a large part of the processing involved in the conversion of raw lithium into battery-grade products is controlled.
The initiative supports the larger goals of India in energy independence and manufacturing within the country in the battery market. As a part of the clean energy transition, the country has been striving to build local supply chains of electric vehicle batteries and energy storage systems.
The MSP listing in Altmin is in response to the growing demand of lithium globally as a result of the increase in the electric vehicle market and renewable energy storage needs. The firm will have refining facilities that may cater to the increasing battery production industry in India and minimize dependence on imported processed lithium materials.
The move further justifies the Indian role in the BRICS economic bloc since the Brazil-India trade shows how the member countries are collaborating in the strategic mineral sectors.
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