logo
India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

Hans India23-07-2025
New Delhi: India has approximately 7.23 million tonnes (MT) of Rare Earth Elements Oxide (REO) contained in 13.15 MT monazite (a mineral of Thorium and Rare Earths) occurring in the coastal beach, teri and red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Maharashtra, while another 1.29 MT rare earths are situated in hard rocks in parts of Gujarat and Rajasthan, the Parliament was informed on Wednesday.
The Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy, is carrying out exploration and augmentation of minerals of rare earth group elements along the coastal, inland and riverine placer sands as well as in hard rock terrains in several potential geological domains of the country, said Minister of State Dr Jitendra Singh in a written reply in the Lok Sabha.
Additionally, Geological Survey of India (GSI) has augmented 482.6 MT resources of REE ore at various cut-off grades in 34 exploration projects, the minister informed. The quantum of rare earth minerals exported during the last 10 years is 18 tonnes, while there have been no imports of rare earth minerals, he further stated.
The minister also said that the Ministry of External Affairs is actively engaging with relevant stakeholders to alleviate the challenges arising from export restrictions on rare earth magnets imposed by certain countries.
"There have been continued engagements at bilateral and multilateral level to increase cooperation in peaceful uses of nuclear energy, including in rare earth minerals and related technologies. These efforts aim to mitigate disruptions in the supply chain and safeguard the interests of Indian importers," said the minister.
Ministry of Mines has been working to ensure supply chain resilience for critical minerals, including Rare Earth Elements, as they are key materials for sectors such as electric vehicles, renewable energy and defence. In the interest of developing bilateral cooperation with countries having rich mineral resources.
The Ministry of Mines has entered into bilateral agreements with the governments of a number of countries such as Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, Cote D'Ivoire and International organisations such as International Energy Agency (IEA), Dr Singh said.
The Ministry is also engaging on various multilateral and bilateral platforms such as Minerals Security Partnership (MSP), the Indo-Pacific Economic Framework (IPEF), and initiative on Critical and Emerging Technologies (iCET) for strengthening the critical minerals value chain, he explained.
He further stated that the Ministry of Mines has set up Khanij Bidesh India Limited (KABIL), a joint Venture company with the objective to identify and acquire overseas mineral assets that hold critical and strategic significance, specifically targeting minerals like Lithium, Cobalt, and others.
KABIL has already signed an Exploration and Development Agreement with CAMYEN, a state-owned enterprise of Catamarca province of Argentina for Exploration and mining of Five Lithium Blocks in Argentina. KABIL is also having regular interactions with Critical Mineral Office in Australia with the primary objective of acquiring critical and strategic mineral assets.
Further, the Ministry has initiated the process of entering into Government to Government (G2G) MoUs with Brazil and Dominican Republic for developing cooperation in the field of Rare Earth Minerals and Critical Minerals. The broad objectives of these MoUs are to provide an overarching framework for cooperation in research, development and innovation in mining, with a particular focus on rare earth elements (REE) and critical minerals, the minister pointed out.
Critical minerals such as lithium, graphite, cobalt, titanium, rare earth elements etc., are demand intensive due to their strategic uses in various sectors such as electric vehicles, renewable energy and defence. The Ministry of Mines has also undertaken significant steps including various policy reforms to ensure supply chain resilience for these critical sectors, the minister added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Don't give China pass, burn relationship with ‘strong ally' India: Nikki Haley
Don't give China pass, burn relationship with ‘strong ally' India: Nikki Haley

Indian Express

time9 minutes ago

  • Indian Express

Don't give China pass, burn relationship with ‘strong ally' India: Nikki Haley

The US should not burn its relationship with a 'strong ally like India' and give a pass to China, Indian-American Republican leader Nikki Haley said on Tuesday, amid President Donald Trump's attacks against New Delhi over tariffs and purchases of Russian oil. 'India should not be buying oil from Russia. But China, an adversary and the number one buyer of Russian and Iranian oil, got a 90-day tariff pause,' Haley said in a post on X. 'Don't give China a pass and burn a relationship with a strong ally like India,' she said. Haley, the former Governor of South Carolina, was the US Ambassador to the United Nations under Trump's first presidential term, becoming the first Indian-American to be appointed to a cabinet-level post in the US administration. India should not be buying oil from Russia. But China, an adversary and the number one buyer of Russian and Iranian oil, got a 90-day tariff pause. Don't give China a pass and burn a relationship with a strong ally like India. — Nikki Haley (@NikkiHaley) August 5, 2025 In 2013, she officially announced her candidacy for the 2024 presidential election and withdrew from the race in March last year. Her comments came hours after Trump said India has not been a 'good trading partner' and announced he will raise tariffs on India 'very substantially over the next 24 hours' because New Delhi is buying Russian oil and 'fueling' the 'war machine'. India on Monday mounted an unusually sharp counterattack on the US and the European Union for their 'unjustified and unreasonable' targeting of New Delhi for its procurement of Russian crude oil. New Delhi's response came after Trump asserted that Washington will substantially raise tariffs on goods from India over its energy ties with Russia. Meanwhile, Trump, in an interview with CNBC responded to a question on China and its leader, Xi Jinping, and said, 'We have a very good relationship'. Trump added that he might have a meeting with the Chinese President 'before the end of the year, most likely, if we make a deal.' He said he won't have a meeting if a deal doesn't materialise. 'But we're getting very close to a deal. We're getting along with China very well.' Trump added that China is 'very reliant' on the US. 'My relationship with them is very good. I think we'll make a good deal. It's not imperative, but I think we're going to make a good deal.' He added that he has had a 'great relationship' with President Xi. 'We respect him a lot. They respect us a lot.'

India, Russia reaffirm commitment to enhance defence cooperation
India, Russia reaffirm commitment to enhance defence cooperation

The Hindu

time9 minutes ago

  • The Hindu

India, Russia reaffirm commitment to enhance defence cooperation

India and Russia on Tuesday (August 5, 2025) reaffirmed their commitment to boost bilateral defence cooperation during a meeting between Indian Ambassador Vinay Kumar and Russia's Deputy Defence Minister Colonel-General Alexander Fomin. According to a statement by the Russian Ministry of Defence, the Indian envoy called on Col-Gen Fomin, who is in charge of international defence cooperation, and the meeting was held in a 'warm and friendly atmosphere, customary for Russian-Indian ties'. 'During the conversation, the two sides discussed in detail the pertinent issues of bilateral interaction in the sphere of defence and confirmed their intent toward the further strengthening of relevant cooperation in the spirit of particularly privileged strategic partnership,' said the statement. The meeting took place amid U.S. President Donald Trump's threats to slap harsh sanctions on India for buying crude oil from Russia.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 6 August 2025
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 6 August 2025

Mint

time9 minutes ago

  • Mint

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 6 August 2025

Breakout stocks buy or sell: Indian stock market benchmarks — the Sensex and Nifty — resumed their downward trajectory on Tuesday, August 5, following a brief pause in the previous session. This marks the third decline in the last four trading days for both indices. The BSE Sensex ended the day 308 points lower, slipping 0.38 per cent to close at 80,710. On the other hand, the NSE Nifty 50 dropped 73 points, or 0.30 per cent, to finish at 24,649. While broader markets also witnessed a decline, they fared better than the benchmark indices. The BSE Midcap index edged down by 0.14 per cent, and the BSE Smallcap index dipped 0.27 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that despite sell-off on the previous session, the Indian stock market sentiment continues to remain cautious to positive as the Nifty 50 index is sustaining above 24,500 support. Speaking on the outlook of Indian stock market, Bagadia said, ' On the upper side, the 50-stock index is facing hurdle at 50- DEMA levels, which is placed around 24,900. So, in short, the key benchmark index is in a tight 24,500 to 24,950 range. One should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Kamat Hotels (India), Igarashi Motors India, Sterlite Technologies, Yatharth Hospital & Trauma Cre Srvcs, and UNO Minda. 1] Kamat Hotels (India): Buy at ₹ 261.85, target ₹ 280, stop loss ₹ 252; 2] Igarashi Motors India: Buy at ₹ 635, target ₹ 680, stop loss ₹ 612; 3] Sterlite Technologies: Buy at ₹ 126.21, target ₹ 135, stop loss ₹ 121; 4] Yatharth Hospital & Trauma Cre Srvcs: Buy at ₹ 684.9, target ₹ 731, stop loss ₹ 660; 5] UNO Minda: Buy at ₹ 1103.1, target ₹ 1185, stop loss ₹ 1065. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store