The Mines Ministry is set to launch the Critical Mineral Mission, as announced by Mines Secretary V L Kantha Rao. This initiative, proposed in the Union Budget 2024-25, aims to boost domestic production, recycling, and overseas acquisition of critical minerals like lithium, cobalt, and copper. It will focus on technology, workforce development, and financing. The mission will also include a new auction for offshore mineral blocks. For investors, this move signals increased government support and investment opportunities in the critical minerals sector, crucial for clean energy and high-tech industries.
