The government is also in the advanced stages of framing a policy for processing critical minerals, with two key minerals including nickel and lithium—critical for EVs—already shortlisted. To address investment risks, the government is engaging with multilateral agencies.
The policy change allowing insurance surety bonds has been introduced. The blocks target clean energy, advanced manufacturing and fertiliser sectors. Sale of tender documents will begin on March 30, 2026.
President Lula, who also participated in the AI Impact Summit, is leading a delegation of ministers and business leaders to explore avenues for deeper economic and industrial collaboration between the two emerging economies.
India should leverage the current momentum in ties with the US to strengthen its critical mineral security
India is holding confidential talks with Brazil, Canada, France and the Netherlands to secure lithium and rare earth supplies, aiming to diversify critical mineral sources and reduce dependence on China.
External Affairs Minister S Jaishankar told a global ministerial in Washington that excessive concentration of critical minerals poses risks, urging international cooperation as India and the US work to diversify supply chains.
Data centres require a range of critical minerals for various parts, such as semiconductors, server boards and circuitry, heat sinks and the data storage facility, which uses magnets
Geological Survey of India plans nearly 300 critical and strategic mineral projects in FY27.
The president is floating price floors on imports — not just traditional percentage-based tariffs — to develop the supply chains for those materials that run through US-aligned nations
Frenzied buying in China across multiple metals has stoked the recent moves while investors have been seeking safe havens amid geopolitical flashpoints
As the US prepares to bring India into the Pax Silica alliance, New Delhi’s critical minerals strategy is increasingly shaped by geopolitics, supply chain risks and the push to reduce dependence on China.
The Rs 7,280-crore scheme targets to build a 6,000-tonne per annum rare earth magnet capacity in India.
Asked if the scheme will be revised or the deadline extended, the Ministry of Heavy Industries replied that 'no such proposal is presently under consideration'
The reset marks a shift from strained political ties to renewed economic cooperation, with both sides eyeing deeper trade, technology and energy partnerships.
Goyal highlighted opportunities for collaboration in critical minerals, clean and nuclear energy, emerging technologies, and supply-chain diversification, underscoring the strong complementarity between the two nations.
Lower royalty rates may attract bidders for critical mineral blocks, but without domestic refining capacity, India’s clean-energy and electronics supply chains will remain import-dependent, say industry experts.
Blocks of these four critical minerals will be auctioned, informed I&B Minister Ashwini Vaishnaw after the Cabinet meeting.
Lohum is eyeing a $200 million fundraise and IPO by 2027 as it builds India’s first rare-earth refining hub.
Imports of specialised refining and magnet-making equipment from China have risen four-fold in seven years
India and Peru agreed to hold intersessional meetings to address pending issues ahead of the next round of negotiations to be held in New Delhi in January
Addressing the 8th session of the International Solar Alliance (ISA), President Droupadi Murmu said by 2050, India aims not only to meet its clean energy targets but also to become a hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange.
IREL Ltd is also likely to participate in government’s incentive scheme for processing and production of rare earth permanent magnets
The ninth round of negotiations with Peru will be held from November 3 to 5, while a third round with Chile is planned for October 27 to 31. The South American countries are emerging as important sources of rare earths
The auction of 13 blocks, which have cobalt, copper, manganese, and nickel reserves, has been put off at least four times. The latest was August 22
About 80 GW of the 100 GW target will be executed by NPCIL and NTPC through larger projects. The remaining 20 GW will be open to the private sector and mostly be executed through small module reactors, government officials have told Moneycontrol