Minerals

The Union Cabinet has approved a landmark ₹7,280 crore scheme to build India’s first integrated rare earth permanent magnet manufacturing ecosystem

The framework seeks to ensure that mineral-producing countries, particularly in the Global South, derive maximum benefit from their resources, moving beyond mere raw material exports

Backed by up to 50 million pounds in new funding, the strategy seeks to ensure no more than 60 per cent of the UK's supply of any one critical mineral comes from a single country by 2035

While the auction of mines has attracted high bids, just how many of these mines will actually be commercially viable remains to be seen

The government has rolled out a Rs 210-crore, three-year critical minerals research programme led by ANRF and the Ministry of Mines, restricted to nine Centres of Excellence

Initial capital expenditure for the project is estimated at $1.10 billion, with KCL granted first rights to participate in direct equity or project-level investments during the term of the agreement

Trump is meeting with representatives of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan in an event intended to mark the 10th anniversary of the so-called C5+1 format

While the auction of mines has attracted aggressive bidding - with many willing to pay high premiums - how many of those will actually be commercially viable remains to be seen

Amid China's restriction of rare-earth permanent magnet exports to India, the ministry is looking into ways to reduce India's dependence on other countries

A US delegation held talks with Pakistani officials to seek cooperation in minerals and mining as Washington races to secure mineral supply chains for American industry amid concerns over China's increasing control on rare-earth resources. The US delegation, led by Critical Minerals Forum (CMF) chief Robert Louis Strayer II, along with US Charg d'Affaires Natalie Baker, met Minister for Finance & Revenue Muhammad Aurangzeb and his team on Friday. According to an official statement, the US delegation discussed avenues of cooperation in the minerals and mining sector, strengthening supply-chain security, and encouraging responsible and sustainable investment in Pakistan's critical minerals landscape. It said that Aurangzeb highlighted Pakistan's ongoing structural reforms, fiscal discipline, and positive global outlook, emphasising that a robust minerals policy can drive Pakistan toward export-led growth and long-term economic stability. Both sides reaffirmed commitment to continued

Xi's remarks came as he was the only superpower left at the summit after US President Donald Trump departed from South Korea a day earlier

MEA confirms licences for Indian companies to import rare earth magnets from China; also announces US waiver on Chabahar port sanctions for six months

Coal India Ltd is accelerating its diversification strategy by bidding for domestic critical mineral blocks and scouting global lithium, graphite, and rare earth assets

Beijing has long supported strategic enterprises, either directly or through indirect means like inexpensive loans or a helping hand with permits, a far cry from West's economically driven approach

Rajasthan targets 8 new mines in 2025, aiming to boost revenue to ₹12,980 crore, create jobs, and attract investment with fast-track clearances.

China's unprecedented move on rare earths sparked a global pushback over the past week, as officials from Europe and Japan voiced concerns over supply chain stability

The mines ministry rules out any move to limit bid premiums for critical minerals, even as aggressive offers raise questions over their commercial viability

Commerce minister Piyush Goyal says India is building resilient supply chains and negotiating pacts with Chile and Peru to boost access to rare earth minerals

The government is working on measures to improve supply of rare earth minerals, including negotiating trade pacts with Chile and Peru, promoting domestic exploration, and engaging startups in recycling and processing, Commerce and Industry Minister Piyush Goyal said on Friday. Critical or rare earth minerals such as copper, lithium, nickel, and cobalt are essential raw materials which have applications in various industries ranging from electronic goods to fighter jets. These minerals also fuel the growth of rapidly growing clean energy technologies, including electric vehicles and battery manufacturing. Countries like Chile, Peru and Australia have reserves of these minerals. India already has implemented a trade pact with Australia and is negotiating with South American nations Chile and Peru. The Indian team is visiting the two South American countries for the next round of trade talks. "Look at Chile and Peru, think about it. Why am I doing FTA with them in the first place? It

Approvals are taking longer, although generally still within the commerce ministry's 45 business day deadline, but the scrutiny is now similar to April, at the height of the trade war