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Date: 22/01/2025

India to launch National Critical Mineral Mission to reduce imports

India will soon launch the National Critical Mineral Mission (CMM) to reduce import dependence, enhance domestic production and encourage offshore mining auctions while urging states to cooperate for sustained mining activities, said Mr G. Kishan Reddy, Union Coal and Mines Minister, while inaugurating the 3rd National Mining Ministers’ Conference in Konark, Odisha. The Mission will soon get Cabinet approval. The Union Finance Minister had announced it in her Budget speech. Import duty on critical minerals has also been made zero. Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. The Minister said that his Ministry wants the public and private sectors to work in tandem in this regard. He also announced that India has launched the auction of 48 critical mineral blocks, with 24 successfully allotted, as per a report.
 
Source: Exim News Service: New Delhi, Jan. 21



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