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National Critical Mineral Mission: Key Insights and Objectives

National Critical Mineral Mission: Key Insights and Objectives
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National Critical Mineral Mission: Key Insights and Objectives

Summary/StaticDetails
Why in the news?Cabinet approves Rs 16,300 crore National Critical Mineral Mission (CMM).
ObjectiveAddress critical mineral needs for key technologies and defense manufacturing.
OutlayRs 16,300 crore.
Focus MineralsLithium, cobalt, copper, nickel, and rare earth elements.
Key GoalsBoost domestic production, reduce import dependence, enhance resource security.
ExplorationOnshore and offshore areas.
Regulatory ProcessFast-track approval system for mining projects.
Financial IncentivesProvided for exploration activities.
Mineral RecoveryFrom overburden, tailings, and end-of-life products.
Public-Private CollaborationEncouraged between PSUs, private sector, and government.
Offshore MiningAuctions launched to reduce import dependence.
National StockpileCreation of a national reserve for critical minerals.
Self-relianceReduce import dependence by enhancing local production.
Critical Minerals DefinitionEssential for economic development and national security; shortages cause vulnerabilities.
Countries' Lists of Critical MineralsUS (50), Japan (31), UK (18), EU (34), Canada (31).
Significance for IndiaEconomic growth, national security, and environmental sustainability through clean energy technologies.

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