+
Critical Mineral Blocks' Benefits Delayed
ECONOMY & POLICY

Critical Mineral Blocks' Benefits Delayed

Icra has reported that the 38 critical mineral blocks recently put up for auction in India are unlikely to yield any substantial benefits within this decade, specifically by 2030. The primary reason cited is the incomplete exploration of these mines, which hampers the potential for commercialization and subsequent economic gains. This situation poses a significant challenge for India's downstream manufacturing sectors, which could face supply shocks, especially in critical minerals like lithium .

The government's initiative to auction these blocks, including notable lithium deposits in regions like Jammu & Kashmir and Chhattisgarh, is part of a broader strategy to secure resources vital for the country's economic and technological advancement. However, the extraction of lithium from clay deposits presents specific challenges that add to the complexity of realizing these blocks' full potential within the projected timelines .

This delay in deriving benefits from the critical mineral blocks underscores a broader issue within the sector, where the pace of exploration and readiness for commercial mining lags behind the market demand. This gap could affect various industries, particularly those reliant on these minerals for manufacturing high-tech products, renewable energy solutions, and other applications critical to India's growth and environmental objectives .

The situation calls for a reassessment of strategies concerning the exploration and development of mineral resources in India. Enhanced technological approaches, better regulatory frameworks, and more robust industry-government collaboration may be required to expedite the exploration process and reduce the time from discovery to market.

Icra has reported that the 38 critical mineral blocks recently put up for auction in India are unlikely to yield any substantial benefits within this decade, specifically by 2030. The primary reason cited is the incomplete exploration of these mines, which hampers the potential for commercialization and subsequent economic gains. This situation poses a significant challenge for India's downstream manufacturing sectors, which could face supply shocks, especially in critical minerals like lithium . The government's initiative to auction these blocks, including notable lithium deposits in regions like Jammu & Kashmir and Chhattisgarh, is part of a broader strategy to secure resources vital for the country's economic and technological advancement. However, the extraction of lithium from clay deposits presents specific challenges that add to the complexity of realizing these blocks' full potential within the projected timelines . This delay in deriving benefits from the critical mineral blocks underscores a broader issue within the sector, where the pace of exploration and readiness for commercial mining lags behind the market demand. This gap could affect various industries, particularly those reliant on these minerals for manufacturing high-tech products, renewable energy solutions, and other applications critical to India's growth and environmental objectives . The situation calls for a reassessment of strategies concerning the exploration and development of mineral resources in India. Enhanced technological approaches, better regulatory frameworks, and more robust industry-government collaboration may be required to expedite the exploration process and reduce the time from discovery to market.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?