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QUAD LAUNCHES CRITICAL MINERALS INITIATIVE AMID SUPPLY CONCERNS Why in the News? Quad initiative: Quad foreign ministers launched the Critical Minerals Initiative in Washington to secure global supply chains, a move that could impact capital gain tax considerations and cost inflation index for mineral investments. China’s dominance: Move comes after China’s export curbs on seven …
Read MoreChina’s Rare Earth Curbs Challenge India’s Readiness Why in the News? China’s export restrictions on rare earth minerals have disrupted India’s automobile sector, exposing its dependence on Chinese imports. The move, in retaliation to US tariffs, highlights the urgent need for India to develop its domestic rare earth ecosystem and address critical mineral supply chain …
Read MoreWhy in the News ? The Ministry of Mines has released guidelines to establish Centres of Excellence under the National Critical Mineral Mission, aiming to boost research and technology in critical minerals essential for clean energy, mobility, electronics, defence, and space sectors. Strengthening Critical Mineral Research: The Ministry of Mines has issued fresh guidelines for …
Read MoreWhy in the news? India’s critical minerals drive may not yield full commercial benefits before 2031, exposing the country to supply shocks for essential minerals like lithium and cobalt. The government has started auctioning 38 blocks of critical minerals despite current reliance on imports. Source: ResearchGate About Critical Minerals: Elements essential to the functioning of …
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