Critical and Strategic Minerals in India

Santhosh Kumar 29/11/2023
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Critical and Strategic Minerals in India mind map Recent Developments India's Critical Minerals Auction First round on November 29, 2023 Online auction process 20 mineral blocks auctioned Discovery of Lithium Deposits In Jammu and Kashmir 5.9 million tonnes reserve Amendments in Mining Rule Entry of private miners Critical Minerals Definition Essential for economic development and national security Supply chain vulnerability concerns Identified by India List of 30 minerals Antimony Beryllium Bismuth Cobalt Copper Gallium Germanium Graphite Hafnium Indium Lithium Molybdenum Niobium Nickel PGE (Platinum Group Elements) Phosphorous Potash REE (Rare Earth Elements) Rhenium Silicon Strontium Tantalum Tellurium Tin Titanium Tungsten Vanadium Zirconium Selenium Cadmium Strategic Considerations Protect strategic sectors Defense Space Telecommunications High-tech electronics Economic prosperity and sustainable growth Net-zero emissions target by 2070 Clean energy technologies Low carbon emission tech Renewable energy E-mobility Aviation Medicine Advanced batteries Geopolitical Concerns Dependency on China Supply chain dominance Border standoff implications India's Incremental Strategy Setting up institutional structures Policy frameworks domestically Strengthen resilient critical mineral supply chains Global Partnerships Quad members Australia United States Mineral-rich partners Argentina Chile Bolivia Joint Venture Company (KABIL) National Aluminum Company Ltd. (NALCO) Hindustan Copper Ltd. (HCL) Mineral Exploration Company Ltd. (MECL) Overseas mineral assets acquisition U.S.-led Mineral Security Partnership (MSP) Diversifying critical mineral supply chain Investment in greenfield electric vehicle battery component factory Future Recommendations National Institute or Center of Excellence on critical minerals Revisiting list of critical minerals every three years

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