Scheme For Processing Of Critical Minerals At Advanced Stage
COAL & MINING

Scheme For Processing Of Critical Minerals At Advanced Stage

Mines Secretary Piyush Goyal said a key government scheme for processing critical minerals is at an advanced stage of finalisation as India seeks to secure supply chains amid global competition for lithium and other resources. He said India is unable to import lithium that is available abroad because a domestic processing value chain is not yet in place. The announcement reflects efforts to reduce dependence on foreign processing and to support strategic industries.

The scheme is expected to significantly enhance the resilience of electric vehicle batteries in the country once implemented. Details will be released after formal approval of the plan, and the ministry indicated that operational frameworks and incentives are being finalised. Officials are positioning the initiative as part of a broader industrial strategy.

Goyal said India is eyeing critical mineral blocks in Canada and is exploring opportunities to invest in lithium projects in Brazil, Argentina and Australia. He noted that production from five lithium blocks in Argentina is likely to begin in 2029, which would form part of diversified overseas sourcing. The approach combines domestic capacity building with strategic international partnerships.

State firms Coal India, NTPC Mining and Hindustan Copper are reported to be in talks with Codelco for the acquisition of four copper blocks in Chile as part of efforts to secure supply for downstream processing. The secretary expressed confidence that India would become a net exporter of copper from next year, reflecting anticipated gains in domestic production and processing capacity.

Critical minerals include lithium, cobalt, rare earth elements, nickel and graphite and are essential for clean energy technologies, electric vehicles, advanced electronics and defence systems. The government had last year approved a Rs 163 billion (bn) National Critical Mineral Mission, envisaging a total outlay of Rs 343 billion (bn) spread over seven years to foster self-reliance and accelerate the green energy transition. India remains heavily dependent on imports of key minerals such as lithium and cobalt, and the mission is intended to reduce that vulnerability.

Mines Secretary Piyush Goyal said a key government scheme for processing critical minerals is at an advanced stage of finalisation as India seeks to secure supply chains amid global competition for lithium and other resources. He said India is unable to import lithium that is available abroad because a domestic processing value chain is not yet in place. The announcement reflects efforts to reduce dependence on foreign processing and to support strategic industries. The scheme is expected to significantly enhance the resilience of electric vehicle batteries in the country once implemented. Details will be released after formal approval of the plan, and the ministry indicated that operational frameworks and incentives are being finalised. Officials are positioning the initiative as part of a broader industrial strategy. Goyal said India is eyeing critical mineral blocks in Canada and is exploring opportunities to invest in lithium projects in Brazil, Argentina and Australia. He noted that production from five lithium blocks in Argentina is likely to begin in 2029, which would form part of diversified overseas sourcing. The approach combines domestic capacity building with strategic international partnerships. State firms Coal India, NTPC Mining and Hindustan Copper are reported to be in talks with Codelco for the acquisition of four copper blocks in Chile as part of efforts to secure supply for downstream processing. The secretary expressed confidence that India would become a net exporter of copper from next year, reflecting anticipated gains in domestic production and processing capacity. Critical minerals include lithium, cobalt, rare earth elements, nickel and graphite and are essential for clean energy technologies, electric vehicles, advanced electronics and defence systems. The government had last year approved a Rs 163 billion (bn) National Critical Mineral Mission, envisaging a total outlay of Rs 343 billion (bn) spread over seven years to foster self-reliance and accelerate the green energy transition. India remains heavily dependent on imports of key minerals such as lithium and cobalt, and the mission is intended to reduce that vulnerability.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement