India has the world's third-largest rare earth reserves, but its production remains among the lowest compared to major global players, highlighting a sharp gap between resource availability and actual output, according to a report by Amicus Growth.
As the global shift toward clean energy accelerates, a strategic contest is unfolding for control over the minerals that power modern technology noted a research report by Kotak Mutual Fund.
China has an estimated 44 million tonnes of rare earth reserves. Next in size are Vietnam, Brazil and India with half that amount, while the USA has only about 1.8 million tonnes. Its annual output is only a quarter of China's too, at 15.5 per cent of total 2021 production.