Mines Secretary V L Kantha Rao said the stockpiling policy is likely to be finalised within a month.
India is preparing to build a strategic reserve of critical minerals to reduce its exposure to global supply disruptions, import dependence and price volatility. The proposed stockpiling policy is expected to provide a buffer for industries ranging from electric vehicles and battery manufacturing to defence equipment and clean energy.
The policy is likely to be finalised within a month, Mines Secretary V L Kantha Rao said, according to Moneycontrol. The proposed reserve is intended to help domestic industries secure access to minerals that are essential for manufacturing but vulnerable to disruptions in international supply chains.
Under the proposed policy, the government aims to build reserves of selected critical minerals that can be used to protect domestic industries during supply disruptions. India depends on overseas sources for several of these materials.
The Mines Ministry’s National Critical Mineral Mission, approved in January 2025, aims to strengthen the country’s critical mineral value chain, covering exploration, mining, beneficiation, processing and recovery from secondary sources. The mission also seeks to support the acquisition of critical mineral assets overseas.
Source: First Post
