BAKU, Azerbaijan, June 29. India has identified 30 critical minerals that it considers essential for economic development and national security of the country in order to ensure “self-reliance” and to address “the vulnerability” in its supply chain, Trend reports.
At an event held Wednesday, Minister of Parliamentary Affairs, Coal and Mines, Pralhad Joshi released the ‘Report of the Committee on Identification of Critical Minerals’, which comprises the list of thirty critical minerals, including antimony, beryllium, bismuth, cobalt, copper, gallium, germanium, graphite, hafnium, indium, lithium, molybdenum, niobium, nickel, phosphorous, potash, titanium, tungsten and rare earth elements. It was done to
This list will be revisited periodically, government officials have said.
With a few exceptions such as copper, gallium (discovered as a by-product while producing alumina), graphite, cadmium (discovered as a byproduct during zinc smelting and refining), phosphorus, potash, and titanium, India is 100 percent import dependent for most of these minerals. According to experts in the sector, even today, only about 10-20 percent of India’s real potential vis-a-vis critical minerals has been explored.
The latest development is crucial because of the importance of these minerals — from mobile phones to electric vehicles, solar panels, semiconductors and wind turbines, all modern technologies are dependent on critical minerals such as lithium, graphite, cobalt, thalium and rare earth elements. Such minerals are essential not only in high-tech electronics and telecommunications, but also in transport and defence.
While most countries in the world have identified critical minerals according to their national priorities and future requirements, India hadn’t done so until now.
In November 2022, the Ministry of Mines had set up a seven-member committee under Veena Kumari Dermal, joint secretary in the mines ministry, to identify a list of such critical minerals.
Speaking on the occasion, mines secretary Vivek Bhardwaj said the release of the first list of critical minerals is important because it sends a message to the world and the industry that India is trying to ensure that its supply chains don’t get disrupted.
“It is also important because we need to focus on these minerals. Many of us may not know that India produces 95 minerals today. But this list gives us renewed focus on where we need to double our energies, efforts and ensure that there is no disruption in the supply chain,” he said, adding that Canada, the UK and Australia also came out with their list of critical minerals last year.