Securing The Future: Why India Needs a New Public–Private Model for Critical Minerals

by · Inc42

SUMMARY

  • Rare earth elements (REs) refer to a group of seventeen metallic elements, the fifteen lanthanides along with yttrium and scandium, that share similar chemical properties and play an indispensable role in modern technology
  • China’s dominance of the REE value chain stems not only from its geological endowment, which represents nearly half of the world’s mineable reserves, but from a strategically constructed industrial ecosystem
  • Indian Rare Earths Ltd is developing a permanent magnet plant in Visakhapatnam, and the NCMM, launched in 2025, has identified thirty strategic minerals vital to India’s long-term economic security