Indian Battery Materials Company Altmin Becomes First from India Listed Under Mineral Security Partnership

Altmin Private Limited has become the first Indian company to secure a project listing under the US-led Mineral Security Partnership (MSP), a 14-nation initiative focused on critical mineral supply chain security. The listing, officially confirmed in August 2025, covers Altmin’s lithium refining project.

The Ministry of Mines submitted Altmin’s lithium refining proposal to the MSP in 2023, positioning it as India’s inaugural project under the partnership framework. The MSP aims to strengthen supply chains for minerals essential to clean energy and advanced technologies.

Following the MSP listing, Altmin has acquired a lithium refinery and refining technology in Brazil. The company states that this technology is the only lithium refining capability of its kind operating outside China. The facility processes spodumene ore into lithium carbonate equivalent products across 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 executive noted that access to advanced lithium refining technology supports India’s efforts to build domestic critical minerals capabilities.

The acquisition represents what the company describes as the first major transaction between Brazil and India in the critical minerals sector. Altmin operates as a battery materials producer specializing in cathode materials, including lithium iron phosphate, and develops lithium-ion cell chemistries.

The MSP was established to create secure and diversified supply chains for minerals critical to clean energy transitions and national security. The partnership includes countries such as the United States, Australia, Canada, and several European nations.

India’s participation in the MSP reflects the country’s strategic focus on reducing dependence on Chinese-controlled mineral supply chains, particularly for lithium processing. China currently dominates global lithium refining capacity, controlling a significant portion of the processing required to convert raw lithium into battery-grade materials.

The project aligns with India’s broader objectives for energy independence and domestic manufacturing capabilities in the battery sector. The country has been working to develop local supply chains for electric vehicle batteries and energy storage systems as part of its clean energy transition goals.

Altmin’s MSP listing comes as global demand for lithium continues to grow, driven by expansion in electric vehicle adoption and renewable energy storage requirements. The company plans to establish refining operations that could serve India’s growing battery manufacturing sector while reducing reliance on imported processed lithium materials.

The development also supports India’s position within the BRICS economic grouping, as the Brazil-India transaction demonstrates cooperation among member nations in strategic mineral sectors.