India Intensifies Rare Earth Exploration Amid Rising Imports
ECONOMY & POLICY

India Intensifies Rare Earth Exploration Amid Rising Imports

India’s imports of rare earth elements (REE) have steadily increased over the past five years, rising from 1,848 tonnes in 2019–20 to 2,270 tonnes in 2023–24, according to data shared by Union Minister of Coal and Mines Shri G. Kishan Reddy in Parliament. The bulk of these imports came from China, followed by Japan, Russia, Korea, and a few other countries.

To reduce import dependency, the government has ramped up domestic exploration efforts. The Geological Survey of India (GSI) is spearheading a national campaign under the National Critical Mineral Mission, focusing on increasing domestic production and securing foreign supply chains.

During 2021–23, GSI initiated three reconnaissance-stage (G4) projects in Rajasthan’s Sirohi and Bhilwara districts targeting neodymium, a key rare earth metal. Simultaneously, the Department of Atomic Energy identified 111,845 tonnes of in-situ REE oxide reserves in Balotra, Rajasthan.

Under the field season programme for 2024–25, GSI is executing 195 exploration projects, including 35 in Rajasthan, covering areas such as Barmer, Sikar, Sirohi, Udaipur, Alwar, and more. These projects are aimed at REEs and associated minerals like tungsten, tin, niobium, tantalum, hafnium, lithium, and basemetals.

Since the MMDR Amendment Act of 2015, GSI has established REE resources in Barmer and Sikar and submitted multiple reports to facilitate auctioning of these mineral blocks.
This strategic push highlights India’s commitment to developing a robust critical minerals supply chain, crucial for the country’s clean energy transition, electronics manufacturing, and defence industries.

(PIB)

India’s imports of rare earth elements (REE) have steadily increased over the past five years, rising from 1,848 tonnes in 2019–20 to 2,270 tonnes in 2023–24, according to data shared by Union Minister of Coal and Mines Shri G. Kishan Reddy in Parliament. The bulk of these imports came from China, followed by Japan, Russia, Korea, and a few other countries.To reduce import dependency, the government has ramped up domestic exploration efforts. The Geological Survey of India (GSI) is spearheading a national campaign under the National Critical Mineral Mission, focusing on increasing domestic production and securing foreign supply chains.During 2021–23, GSI initiated three reconnaissance-stage (G4) projects in Rajasthan’s Sirohi and Bhilwara districts targeting neodymium, a key rare earth metal. Simultaneously, the Department of Atomic Energy identified 111,845 tonnes of in-situ REE oxide reserves in Balotra, Rajasthan.Under the field season programme for 2024–25, GSI is executing 195 exploration projects, including 35 in Rajasthan, covering areas such as Barmer, Sikar, Sirohi, Udaipur, Alwar, and more. These projects are aimed at REEs and associated minerals like tungsten, tin, niobium, tantalum, hafnium, lithium, and basemetals.Since the MMDR Amendment Act of 2015, GSI has established REE resources in Barmer and Sikar and submitted multiple reports to facilitate auctioning of these mineral blocks.This strategic push highlights India’s commitment to developing a robust critical minerals supply chain, crucial for the country’s clean energy transition, electronics manufacturing, and defence industries.(PIB)

Next Story
Real Estate

Häfele Opens Appliances Studio in Kochi

Häfele has expanded its presence in Kerala with the launch of a new Appliances Studio in Kochi, strengthening access to its premium appliance portfolio in the region. The move is aimed at bringing the brand’s integrated kitchen and appliance solutions closer to customers in the Kochi market. Spread across 2,000 sq ft, the studio is positioned among the largest appliance galleries in Kerala. The space has been designed to offer an immersive customer journey, with a live kitchen setup and functional display zones that present appliances in real-use environments. The studio showcases buil..

Next Story
Real Estate

MAIA Estates Launches ‘The Seven’ in South Bengaluru

MAIA Estates has recently announced the launch of ‘The Seven’, a premium residential development in Basavanagudi, South Bengaluru. The project comprises twin towers across a 3.67-acre site, offering 128 exclusive 4 BHK+ residences spread over 36 storeys, with a total saleable area of around 6,00,000 sq ft. Completion is targeted by 2029.Developed under a joint development agreement, the project is backed by Rs 1.2 billion in institutional funding from Arnya Real Estate Fund – Debt. The launch marks the company’s entry into South Bengaluru, a micro-market characterised by limited premiu..

Next Story
Real Estate

MAIA Estates Launches ‘The Seven’ in South Bengaluru

MAIA Estates has recently announced the launch of ‘The Seven’, a premium residential development in Basavanagudi, South Bengaluru. The project comprises twin towers across a 3.67-acre site, offering 128 exclusive 4 BHK+ residences spread over 36 storeys, with a total saleable area of around 6,00,000 sq ft. Completion is targeted by 2029.Developed under a joint development agreement, the project is backed by Rs 1.2 billion in institutional funding from Arnya Real Estate Fund – Debt. The launch marks the company’s entry into South Bengaluru, a micro-market characterised by limited premiu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement