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
Bessent argued that China's restrictions on critical minerals reflect internal economic challenges and a desire to drag the rest of the world along with it
China accounts for 90% of all rare earth elements processing, a figure that rises to 99% for heavy rare earth processing
The US is ramping up efforts to secure key minerals, aiming to reduce its reliance on China for materials critical to defence systems, technology and manufacturing
The National Critical Mineral Stockpile (NCMS) will hold a two-month reserve of rare earths, protecting against supply disruptions and later covering other critical minerals
Overseas exporters of items that use even traces of certain rare earths sourced from China will now need an export licence
The Ministry of Mines has proposed amendments to allow mineral block auctions to proceed with two technically qualified bidders instead of three to improve success rates
Although many children's supplements claim to support immunity, growth, or overall wellbeing, there is little robust scientific evidence that they improve health outcomes