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Critical and Strategic Minerals in India

Santhosh Kumar 29/11/2023

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Critical and Strategic Minerals in India mind map
Recent Developments
India's Critical Minerals Auction
First round on November 29, 2023
Online auction process
20 mineral blocks auctioned
Discovery of Lithium Deposits
In Jammu and Kashmir
5.9 million tonnes reserve
Amendments in Mining Rule
Entry of private miners
Critical Minerals
Definition
Essential for economic development and national security
Supply chain vulnerability concerns
Identified by India
List of 30 minerals
Antimony
Beryllium
Bismuth
Cobalt
Copper
Gallium
Germanium
Graphite
Hafnium
Indium
Lithium
Molybdenum
Niobium
Nickel
PGE (Platinum Group Elements)
Phosphorous
Potash
REE (Rare Earth Elements)
Rhenium
Silicon
Strontium
Tantalum
Tellurium
Tin
Titanium
Tungsten
Vanadium
Zirconium
Selenium
Cadmium
Strategic Considerations
Protect strategic sectors
Defense
Space
Telecommunications
High-tech electronics
Economic prosperity and sustainable growth
Net-zero emissions target by 2070
Clean energy technologies
Low carbon emission tech
Renewable energy
E-mobility
Aviation
Medicine
Advanced batteries
Geopolitical Concerns
Dependency on China
Supply chain dominance
Border standoff implications
India's Incremental Strategy
Setting up institutional structures
Policy frameworks domestically
Strengthen resilient critical mineral supply chains
Global Partnerships
Quad members
Australia
United States
Mineral-rich partners
Argentina
Chile
Bolivia
Joint Venture Company (KABIL)
National Aluminum Company Ltd. (NALCO)
Hindustan Copper Ltd. (HCL)
Mineral Exploration Company Ltd. (MECL)
Overseas mineral assets acquisition
U.S.-led Mineral Security Partnership (MSP)
Diversifying critical mineral supply chain
Investment in greenfield electric vehicle battery component factory
Future Recommendations
National Institute or Center of Excellence on critical minerals
Revisiting list of critical minerals every three years

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$Clarion Clipperton Fracture Zone News International Seabed Authority Resuming negotiations Aim: Open international seabed for mining What Submarine fracture zone Area: 4.5 million sq.km. Location: Pacific Ocean floor Significance High concentration of polymetallic nodules Contain Nickel Manganese Copper Zinc Cobalt Other minerals Where Between Hawaii and Mexico Northern part of East Pacific Rise When Discovery year: 1950$