Importance of Critical Minerals
Critical minerals are the backbone of the modern economy, essential for advanced technologies in industries ranging from defense and energy to electronics and transportation. However, the mineral supply chain remains highly vulnerable, posing a significant risk to national, economic, and energy security. Addressing this challenge requires a comprehensive strategy to build resilient supply chains that can withstand geopolitical disruptions and market fluctuations.
Challenges in Securing Critical Mineral Supplies
Despite ongoing efforts by both the government and private sector, major vulnerabilities persist. Policymakers must secure stable supplies of crucial minerals such as lithium and graphite—key components in advanced batteries—and tungsten and rare earth elements, essential for next-generation military technologies. India must take a multi-pronged approach, focusing on:
- Domestic resource development to reduce dependency on foreign sources- Advancing processing and recycling technologies to maximize existing resources
- Strengthening international partnerships to diversify supply chains
- Promoting sustainable mining practices to ensure long-term availability
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