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India expands scope of key critical mineral classification to boost high-tech applications

The Ministry of Mines has classified barytes, felspar, mica, and quartz as major minerals, extending leases by 50 years. This allows for extraction aimed at critical minerals essential for technology,
The Indian Ministry of Mines has recently classified barytes, felspar, mica, and quartz as critical minerals due to their essential role in various industries and the potential risk of supply disruptions. This classification aims to enhance the strategic management of these resources, which are integral to sectors like electronics, ceramics, and renewable energy technologies. The move is part of a broader strategy to ensure the availability of these minerals for domestic industries, reduce import dependency, and foster self-reliance in critical mineral supply chains. The ministry's decision underscores the importance of these minerals in India's economic and technological advancement, prompting a focus on sustainable mining practices and exploration to secure these resources for future needs.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/technology/india-critical-minerals-ministry-of-mines-classification-barytes-felspar-mica-quartz-19562855.htm ]