Govt says working with several nations to ensure supply of critical minerals
This story was originally published at 18:15 IST on 19 August 2025
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NEW DELHI – The government is working with several countries and organisations to ensure the supply of critical minerals, including rare earth elements, amid a supply chain bottleneck caused by the export restrictions imposed by China.
Minister Of State for Commerce Jitin Prasada Tuesday said the Ministry of Mines has been working to ensure supply chain resilience for critical minerals, including rare earth elements, after China's export restrictions on rare earth magnets impacted Indian industries, including electric vehicle manufacturers. "Consultations have been held regularly with relevant stakeholders to explore measures to address the issue," Prasada said in a written reply to a question in the Lok Sabha.
Rare earth elements are used in producing rare earth magnets and are key materials for several sectors including electric vehicles. "In the interest of developing bilateral cooperation with countries having rich mineral resources, the Ministry of Mines has already entered into bilateral agreements with 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," Prasada said.
Khanij Bidesh India Ltd.--a joint venture by National Aluminium Company Ltd., Hindustan Copper Ltd., and Mineral Exploration and Consultancy Ltd.--is engaged in this area by developing collaboration with various organisations based in different countries, the minister said. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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