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Govt steps up exploration drive for critical metals

by Blitz India Media
August 6, 2024
in News
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Blitz Bureau

NEW DELHI: The Geological Survey of India (GSI) has increased the number of its exploration projects for critical and strategic minerals from 118 in 2021-22 to 196 in 2024-25 given their importance for crucial industries such as Lithium-Ion batteries, semiconductor technology, and computing, the Parliament was informed.

India has mining and production of some critical metals, although it still largely depends on imports to meet its demand, Coal and Mines Minister G. Kishan Reddy told the Rajya Sabha.

“There are 54 mining leases of critical minerals, viz. graphite, rock phosphate and tin ore, in the country,” he added. The extent to which these deposits are significant and financially viable varies, the minister said, noting that the deposits are scattered across different regions of the country, with varying levels of accessibility and extraction feasibility.

“India has discovered lithium reserves in Karnataka and Jammu & Kashmir. Cobalt and nickel is generally found in association with copper ores, and small deposits are known to exist in Odisha and Jharkhand. India’s reserves are relatively modest,” he said.

“The country also has significant reserves of rare earth elements in Andhra Pradesh, Karnataka, Odisha, and Kerala. The monazite sands in Kerala are particularly rich in rare earth elements. Besides, the country has substantial reserves of high-quality graphite found in Arunachal Pradesh, Jharkhand, and Tamil Nadu,” the minister added.

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