Critical mineral policy is being developed by the Mines Ministry

 Critical mineral policy is being developed by the Mines Ministry

The Ministry of Mines has been a major player in making sure that the G20 community recognizes the importance of vital minerals in the energy transition by actively participating in the discussions at the summit.

On Wednesday in the nation's capital, the Mines Ministry is hosting an outreach event on the topic of "Role of Government and Industry in Advancing Global Action on Critical Minerals."

The Mines Ministry is currently developing a key minerals policy. November 27, New Delhi According to an official statement, the Mines Ministry is working on developing a strategy for important minerals that would contain a roadmap for bolstering the supply chain for these vital commodities. said on Monday. Critical minerals like copper, lithium, nickel, cobalt, and rare earth elements are necessary building blocks for many of the rapidly advancing renewable energy technologies of today, including electric cars, power networks, wind turbines, and lithium batteries.

"The strategy will also identify the responsibilities with different ministries of the Government of India for guaranteeing the resilience of critical commodities supply chains," the mines ministry said in a statement. Additionally, the Ministry is developing a metal recycling plan that will assist increase recycling capacity and streamline the recycling process. Additionally, the Ministry will collaborate with partner nations to jointly create capacities for mineral processing and raw material manufacture.

To build a robust critical minerals value chain, cooperative international efforts have been conducted via multilateral and bilateral involvement in addition to improving local structures. The Australia-India Economic Cooperation and Trade Agreement and the Mineral Security Partnership (MSP) are two examples of the new alliances and partnerships that the Ministry of Mines is actively pursuing. The Australia-India Economic Cooperation and Trade Agreement and the Mineral Security Partnership (MSP) are two examples of the new alliances and partnerships that the Ministry of Mines is actively pursuing.

On Wednesday in the nation's capital, the Mines Ministry is hosting an outreach event on the topic of "Role of Government and Industry in Advancing Global Action on Critical Minerals." Ambassadors and chiefs of missions from foreign nations, together with representatives of companies and other stakeholders in India, are expected to attend the event. The Ministry of Mines has been a major player in making sure that the G20 community recognizes the importance of vital minerals in the energy transition by actively participating in the discussions at the summit. In keeping with the New Delhi Leaders' Declaration, Ministries and Departments are working hard to make sure that the G20's future work incorporates the India story. The Ministry of Mines is undertaking outreach programs with ambassadors, chiefs of missions from other nations, and other stakeholders to address the future, according to the statement.