India Strengthens Critical Mineral Supply Chain by Identifying a List of Key Minerals

At the end of September, the Indian government announced a list of 30 critical minerals essential for its green energy transition and reducing reliance on imports, planning to use this list to help formulate government strategies.

  • The List contains 30 critical minerals.

The list includes antimony, beryllium, bismuth, cobalt, copper, gallium, germanium, graphite, hafnium, indium, lithium, molybdenum, niobium, nickel, platinum group elements, phosphorus, potassium, rare earth elements, rhenium, silicon, strontium, tantalum, tellurium, tin, titanium, tungsten, vanadium, zirconium, selenium, and cadmium. These minerals are considered high-risk in supply and vital for India’s economic development, playing a significant role in decarbonization and digital industries but often relying heavily on imports. India plans to establish a Center of Excellence for Critical Minerals (CECM) to regularly update the list and provide strategic information support to the Indian government.

  • The issuance of the list is both crucial for India’s development and a response to international competition.

India, a large developing country with a rapidly growing economy, faces the dual challenge of increasing mineral resource demand and environmental protection. Despite relatively abundant domestic resources, India’s over-reliance on imports for critical minerals is problematic. To combat climate change and achieve sustainable development, India’s increasing push for green energy development will further drive its demand for these minerals. Ensuring secure supply of critical minerals is urgent to mitigate risks to economic development and energy security.

Moreover, the introduction of this list is to address the intensifying global competition for critical minerals. In recent years, major economies like the United States, European Union, and Japan have published their lists of critical minerals, intensifying the scramble for these resources. Recognizing this, India has decided to issue its list to better manage and secure the supply of critical minerals. The practices of these major economies provide valuable references for India, such as strengthening mineral exploration and development, establishing critical mineral reserves, enhancing cooperation with other countries in critical minerals, and promoting green mineral development.

  • The list will aid India in strengthening its critical mineral supply chain.

First, it will enhance understanding of critical minerals. India’s lack of comprehensive knowledge about the supply of these minerals has hindered effective policy and strategy formulation. The list will enable the Indian government to gain a more complete and accurate understanding of the supply and demand of national critical minerals, thereby better planning and managing its mineral resources.

Second, the list will help India reduce its dependence on imports. Domestically, it will allow for targeted policy-making to encourage domestic mineral exploration and production, minimizing reliance on imports. Internationally, it will facilitate more precise cooperation with other critical mineral-rich countries, like the ongoing collaboration with Australia. Efforts at both domestic and international levels will ensure the stability of critical mineral supply.

Third, the list will provide a basis for policy and strategic decision-making. By identifying critical minerals and establishing the CECM to regularly update the list, it will support the Indian government’s critical mineral policies and strategies, further planning and promoting green energy project development, fostering renewable energy utilization, reducing reliance on fossil fuels, lowering carbon emissions, and achieving sustainable development goals.

In summary, by introducing a critical mineral list, India will enhance its understanding of the critical mineral supply chain, reduce dependence on imports, promote green energy transformation, better address supply risks, and promote the development of the critical mineral industry, achieving sustainable economic development.

[Source – 上海有色网] 印度通过确定关键矿产清单强化关键矿产供应链

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