Confederation of Indian Industry (CII) President Rajiv Memani said that there is no short-term fix for the rare minerals issue. "It's a long-term solution," Memani acknowledged. He emphasized that industry and government collaboration, which proved successful in semiconductors, will be th
The Centre has brought amendments to rationalise the royalty rates and successfully auctioned 24 critical mineral blocks in four tranches, an effort to drive the economic growth, the Ministry of Mines stated in its year-end review-2024.
The African Country like Congo has the largest deposit of these crucial resources and China dominates the world's supply and refinement chain of these minerals. The VOA report claimed that the US is trying to reduce its control in this scenario.