{"id":325300,"date":"2025-01-31T17:20:41","date_gmt":"2025-01-31T11:50:41","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=325300"},"modified":"2025-02-01T10:06:49","modified_gmt":"2025-02-01T04:36:49","slug":"india-launches-mission-to-secure-critical-minerals","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-launches-mission-to-secure-critical-minerals\/","title":{"rendered":"India launches mission to secure critical minerals"},"content":{"rendered":"

Source<\/strong>: The post India launches mission to secure critical minerals<\/strong> has been created, based on the article \u201cCritical efforts: New critical minerals mission must engage private sector<\/strong>\u201d published in \u201cBusiness Standard\u201d<\/strong> on 31st January 2025<\/p>\n

\"India<\/p>\n

UPSC Syllabus Topic:<\/strong> GS Paper3- Infrastructures<\/p>\n

Context<\/strong>: The article discusses India’s new National Critical Mineral Mission<\/strong>. The government will invest \u20b916,300 crore, with \u20b918,000 crore from public-sector units. It aims to secure minerals like lithium for industries. China controls global supply chains. India must develop domestic resources and invest abroad.<\/p>\n

For detailed information on Critical Mineral Mission of India<\/strong> read this article here<\/a><\/p>\n

What is the National Critical Mineral Mission?<\/strong><\/h2>\n

The Union Cabinet<\/strong> has approved the National Critical Mineral Mission<\/strong>. This mission aims to secure the supply of critical minerals. These minerals are essential for industries like batteries, semiconductors, and automobiles<\/strong>.<\/p>\n

For detailed information on National Critical Mineral Mission<\/strong> read<\/a> this article here<\/p>\n

Why are critical minerals important?<\/strong><\/h2>\n
    \n
  1. Essential for Key Industries<\/strong>: Critical minerals like lithium and molybdenum<\/strong> are used in batteries, semiconductors, and automobiles<\/strong>.<\/li>\n
  2. Supply Chain Resilience<\/strong>: The pandemic<\/strong> showed how a shortage of semiconductors<\/strong> impacted India’s automobile sector<\/strong>.<\/li>\n
  3. Global Dependency on China<\/strong>: China dominates<\/strong> the extraction and processing of critical minerals in Africa and Indonesia<\/strong>.<\/li>\n
  4. Rising Demand and Prices<\/strong>: The International Energy Agency<\/strong> predicts prices of some critical minerals will increase 20-50 times by 2050<\/strong>. In the past, industries built fortunes on coal and petroleum<\/strong>. Now, companies can profit from critical minerals<\/strong>.<\/li>\n
  5. Economic and Security Concerns<\/strong>: Without a secure supply, industries and energy security<\/strong> are at risk.<\/li>\n<\/ol>\n

    Does India have its own critical minerals?<\/strong><\/h2>\n
      \n
    1. India has some reserves of critical minerals<\/strong>, but they are not fully explored<\/strong>. Many deposits are in politically sensitive areas<\/strong> or biodiversity hotspots<\/strong>.<\/li>\n
    2. This makes extraction difficult. Recent auctions for exploration licences<\/strong> did not attract much interest from the private sector.<\/li>\n
    3. Recent auctions<\/strong> for exploration licences saw low private sector interest<\/strong>.<\/li>\n
    4. The government needs policy support and technology<\/strong> for better resource utilization.<\/li>\n
    5. Khanij Bidesh India Ltd (KABIL)<\/strong> is focusing on lithium and cobalt<\/strong>, securing overseas partnerships in Argentina and Australia<\/strong>.<\/li>\n<\/ol>\n

      Conclusion <\/strong><\/h2>\n

      The mission\u2019s success depends on how actively Indian companies<\/strong> participate. India must develop strong companies in this sector for its growth and energy security<\/strong>.<\/p>\n

      Question for practice:<\/strong><\/p>\n

      Examine the significance of India’s National Critical Mineral Mission in securing essential resources for key industries and reducing dependency on China.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Source: The post India launches mission to secure critical minerals has been created, based on the article \u201cCritical efforts: New critical minerals mission must engage private sector\u201d published in \u201cBusiness Standard\u201d on 31st January 2025 UPSC Syllabus Topic: GS Paper3- Infrastructures Context: The article discusses India’s new National Critical Mineral Mission. The government will invest… Continue reading India launches mission to secure critical minerals<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":325372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230],"tags":[10503,216,8184],"class_list":["post-325300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-9-pm-daily-articles","tag-business-standard","tag-gs-paper-3","tag-indian-economy","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/01\/India-launches-mission-to-secure-critical-minerals.png?fit=1280%2C850&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/325300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=325300"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/325300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/325372"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=325300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=325300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=325300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}