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Economy & Bankingv1 · 1 version

Critical Minerals & Rare Earths Strategy

Rare earths and other critical minerals are the choke points of the clean-energy and defence economy - and India imports most of them, above all from China. Since 2024 New Delhi has assembled a layered answer: the 34,300-crore-rupee National Critical Mineral Mission for the whole chain from exploration to recycling, a 7,280-crore-rupee scheme to build rare-earth magnet capacity at home, dedicated mining corridors announced in Budget 2026-27, overseas buying through the state venture KABIL, and a Quad framework agreed in New Delhi in 2026 to pool critical-mineral supply chains among friendly economies. This card ties those pieces into one strategy.

Last updated 14 July 20267 min read
Latest update
REPM magnet scheme (7,280 crore) and Budget 2026-27 rare-earth corridors join the National Critical Mineral Mission; Quad critical-minerals framework agreed in New Delhi, May 2026

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