Mineral Import

IREL, which comes under the Department of Atomic Energy (DAE), currently handles mining and initial processing of these rare earth elements (REEs)

US military suppliers report delays and soaring costs as China tightens rare earth exports, exposing critical vulnerabilities in defence supply chains

The policy blueprint is likely to be submitted for cabinet approval soon, the people said. The final outlay for the program is subject to internal consultations and could change

Hindustan Zinc CEO says removing regulatory hurdles could fast-track mineral production in India

To use these on their existing models

To reduce its dependence on China for rare earth magnets, India is offering financial incentives to companies and drafting a plan to partly subsidise the price gap with Chinese imports

Swift production halt: Global auto supply chains are feeling the heat as China tightens rare earth mineral exports, disrupting production at Suzuki, Ford, BMW, and others

US Treasury Secretary Scott Bessent presented the proposal to Zelenskiy in a draft contract, which was brought to their meeting on Wednesday

The India-US TRUST (Transforming Relationship Utilizing Strategic Technology) initiative will help in giving a push to the government's National Critical Mineral Mission, which encourages public and private sector companies to acquire critical mineral assets abroad. The National Critical Mineral Mission (NCMM), approved by the government for a period of seven years till 2030-31, at an outlay of Rs 34,300 crore, proposes development of stockpiles of critical minerals within the country. Prime Minister Narendra Modi and US President Donald Trump have agreed on the TRUST initiative, to emphasis on creating strong supply chains of critical minerals, advanced materials and pharmaceuticals. As per a joint statement issued after the Trump-Modi meeting in Washington, both the countries have decided to launch a recovery and processing initiative for strategic minerals like lithium and rare earth. The National Critical Mineral Mission (NCMM) aims to build a resilient value chain encompassing

The government on Wednesday approved a Rs 16,300-crore National Critical Minerals Mission (NCMM) to promote exploration of critical minerals within the country and at offshore locations. The approval was given by the Union Cabinet chaired by Prime Minister Narendra Modi. Briefing the media after the Cabinet meeting, minister for information and broadcasting Ashwini Vaishnaw said that the mission aims to reduce the dependence on import of critical minerals and ensure self-reliance. The NCMM will encompass all stages of the value chain, including mineral exploration, mining, beneficiation, processing, and recovery from end-of-life products. The mission will intensify the exploration of critical minerals within the country and in its offshore areas. It aims to create a fast-track regulatory approval process for critical mineral mining projects. Additionally, the mission will offer financial incentives for critical mineral exploration and promote the recovery of these resources from .

The talks come at a time when multiple domestic steelmakers, such as JSW Steel and SAIL, are also in talks with the landlocked nation to import coking coal

With India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling, ratings agency CareEdge said on Wednesday. This would provide environmental benefits and reduce price and supply risk associated with imports of these minerals, CareEdge said. India has set an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy sources by 2030 (as a percentage of annual sales). To achieve this, India needs significant penetration of electric vehicles (EVs) as well as grid level energy storage capacity, the ratings agency said, and this envisaged transition would significantly increase India's need for advanced chemistry batteries, particularly lithium-ion (Li-ion) batteries, due to the limitations of traditional batteries like lead-acid and nickel-metal hydride batteries. "The demand for lithium-ion battery

The board also revealed the company had been paying rent for properties which belonged to the billionaire along with rent-related benefits to the founder's daughter

India pushes for a binding critical minerals pact amid discussions to restructure the India-US CEO Forum

The Budget announcements related to critical minerals and green transition will not only make India self reliant in resources but also help in meeting net-zero goals, energy industry players said. In her Budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced a slew of measures for sectors, including infrastructure, manufacturing, healthcare, education, startups, and green energy, among others. Amit Rautela, CFO of state-owned Meja Urja Nigam said the Budget has strategically addressed present requirement of thermal power with a focus on Advanced Ultra Super Critical (AUSC) technology through joint venture route. Further, duty related measures for critical minerals will make the country self reliant in these important resources. According to Rahul Walawalkar, President of India Energy Storage Alliance (IESA), the announcement for pumped hydro storage in budget is a key step for supporting long duration energy storage technologies. Abolishment of angel tax is a great

In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina

Among the five players who have won the bids, only Dalmia Bharat Refractories is affiliated with a major business group

"In Africa, we are exploring opportunities in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals," the secretary said, adding that they are engaging with Australia for lithium blocks

The deal, signed with an Argentinian state-run enterprise, gives KABIL exploration and developmental rights for commercial production