The Center has identified over thirty critical minerals in a strategic move, which are crucial to India’s economic development and its national security. These critical minerals include tin, copper, nickel, lithium, graphite, cobalt and more. These minerals have been identified to meet India’s needs in agriculture, pharmaceutical, energy, telecommunications, defense and other sectors. The exercise has been carried out in line with the Atmanirbhar (self-reliance) plan of the country.
On Wednesday, the Ministry of Mines compiled the first report, titled “Critical minerals for India”. The report was presented by Prahlad Joshi, Union Coal Minister.
critical minerals
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Antimony |
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Beryllium |
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Bismuth |
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Cobalt |
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Copper |
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Gallium |
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Germanium |
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Graphite |
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Hafnium |
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Indian |
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Lithium |
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Molybdenum |
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Niobium |
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Nickel |
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PGE |
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Phosphorous |
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Potash |
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REE |
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rhenium |
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Silicon |
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Strontium |
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tantalum |
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Tellurium |
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Tin |
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Titanium |
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Tungsten |
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Vanadium |
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Zirconium |
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Selenium |
|
Cadmium |
These critical minerals are expected to provide a guiding framework for further policy creation, investment calls in the mining sector and more.
What are the critical minerals?
Critical minerals are minerals that are crucial to the national security and economic development of the country.
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What did the report say?
The report said the future global economy would comprise technologies that depend on minerals such as graphite, titanium, cobalt, lithium and many more rare earth elements. These minerals are crucial to the growth of countless sectors, such as telecommunications, high-tech electronics, defense and transportation. These minerals also play a key role in driving the transition to a low-carbon economy, as well as driving the renewable energy technologies that will be needed to achieve the “net zero” commitments of many countries around the world. world.
The report also says that it has become important to identify and build value chains for minerals that are critical to India.
The seven-member committee
The Ministry of Mines has formed a Committee of seven members. The Committee was formed under the chairmanship of Joint Secretary (Policy), Ministry of Mines last year in the month of November to identify the list of minerals found as critical.
A couple of deliberations were held among its members and it was decided to come up with the list of critical minerals.
The Committee not only listed the critical minerals but also suggested the formulation of a Center of Excellence for Critical Minerals (CECM) in the Ministry of Mines. This organization will periodically update the list of critical minerals for the country. The agency will also notify the critical mineral strategy again and again. You will also execute multiple functions for the development of a robust critical minerals value chain.
What does the Union Minister of Coal and Mines have to say?
Firstly, the Union Minister of Coal and Mines lauded the efforts of the Ministry and said that it is for the first time that the country has identified a comprehensive list of critical minerals.
He recalled Prime Minister Narendra Modi’s visit to the United States and said the country has become the newest partner of the Mineral Security Partnership to strengthen supply chains of critical minerals.
Continuing, the minister also stated that currently, the Geological Survey of India is more dedicated to exploring critical and deep-rooted minerals.
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Source: ptivs2.edu.vn