Critical Minerals in India
- India has identified ‘30 critical minerals’, which are essential for the country’s economic development and national security.
- Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorous, Potash, REE, Rhenium, Silicon, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zirconium, Selenium and Cadmium.
- Ten minerals on the list are 100 per cent import-dependent. These are lithium cobalt, nickel, vanadium, niobium, germanium, rhenium, beryllium, tantalum, and strontium.
- India’s Efforts to Secure Critical Minerals
- KABIL: It is a joint venture of three state-owned companies aimed at securing overseas mineral assets.
- Strategic Partnerships: India has joined initiatives like the Minerals Security Partnership and the Critical Raw Materials Club to diversify supply sources and strengthen global relationships.
- Research and Development: India is investing in research through organizations like the Geological Survey of India and the Council for Scientific and Industrial Research (CSIR). The focus is on enhancing mineral exploration, improving processing technologies, and reducing dependency on virgin minerals through recycling and circular economy practices.
- Incentive Programs: The government is also offering production-linked incentives for the extraction and recycling of critical minerals to boost domestic capabilities.
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