The center has identified more than 30 key minerals in a strategic move that is crucial to India’s economic development and national security. These important minerals include tin, copper, nickel, lithium, graphite, cobalt, and others. These minerals have been found to satisfy India’s needs in agriculture, pharmaceuticals, energy, telecommunications, defense and other sectors. The exercise was carried out according to the country’s Atmanirbhar (self-reliance) plan.
On Wednesday, the Ministry of Mines compiled its first report titled “Minerals Important for India”. The report was presented by Prahlad Joshi, Coal Minister of the Union.
important minerals
antimony |
beryllium |
bismuth |
cobalt |
Copper |
gali |
germany |
lead |
Hafini |
India |
lithium |
molybdenum |
Niobium |
nickel |
PGE |
phosphorus |
potash |
TREE |
rheni |
silicon |
Strontium |
tantalum |
Tellurium |
Tin |
titan |
Tungsten |
vanadium |
Zirconium |
selenium |
cadmium |
These key minerals are expected to provide a guiding framework for further policymaking, calling for investment in the mining sector and more.
What are important minerals?
Vital minerals are minerals that are very important to the national security and economic development of a country.
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What’s in the report?
The report says that the global economy of the future will feature technologies based on minerals such as graphite, titanium, cobalt, lithium and many other rare earth elements. These minerals are key to the development of countless sectors, such as telecommunications, high-tech electronics, defense and transportation. These minerals also play an important role in accelerating the transition to a low-carbon economy, along with powering the renewable energy technologies needed to meet commitments.” Net Zero” of many countries around the world.
The report also states that it becomes important to identify and build value chains for minerals important to India.
A committee of seven members
The Mining Ministry has established a seven-member Commission. The committee was established under the chairmanship of the Joint Secretary (Policy) of the Ministry of Mines last November to determine the list of minerals considered important.
The members discussed several times and decided to come up with a list of important minerals.
The commission not only listed important minerals, but also proposed the establishment of a Center of Excellence in Critical Minerals (CECM) within the Ministry of Mines. The agency will periodically update the list of important minerals for the country. The body will also announce key mineral strategies over and over again. It will also perform many functions to develop good value chains for key minerals.
What did the Minister of Coal and Mines say?
First, the Union Minister of Coal and Mines praised the efforts of the ministry and said it was the first time the country had established a comprehensive list of important minerals.
He recalled Prime Minister Narendra Modi’s visit to the United States and said the country had become the latest partner in the Minerals Security Partnership Agreement to strengthen vital mineral supply chains.
Later, the Minister also announced that the Geological Survey of India is now focusing more on the exploration of important and deep-rooted minerals.
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Categories: Trends
Source: HIS Education