India's GMDC jumps as Quad countries launch critical minerals framework

Gujarat Mineral Development

26/05/2026 08:55

** Gujarat Mineral Development Corporation GMDC.NS up as much as 6.5% at 698.20 rupees

** The Quad group of countries have agreed to launch an initiative on Indo-Pacific Energy Security and a critical minerals framework, U.S. Secretary of State Marco Rubio said on Tuesday

** Quad includes Australia, India, Japan and the U.S.

** GMDC's portfolio focuses on high-purity light rare earth elements - neodymium, praseodymium, cerium, and lanthanum -used in magnets, automotive components, electronics, and batteries

** Stock up ~15% YTD

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))