False
Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


Critical Minerals: Challenges and Opportunities UPSC NOTE

SHARE:

  The global transition to clean energy sources like electric vehicles relies heavily on critical minerals like lithium, copper, and nickel....

 

  • The global transition to clean energy sources like electric vehicles relies heavily on critical minerals like lithium, copper, and nickel.

  • Demand for these minerals is expected to surge in the coming decades, driven by ambitious climate goals.

  • The International Energy Agency (IEA) emphasizes the need for sustainable supply chains for critical minerals.

India's Dependence and Vulnerability

  • India lacks domestic reserves of key critical minerals and heavily relies on imports, particularly from China.

  • This dependence creates vulnerabilities in India's supply chains and manufacturing capabilities.

Government Initiatives

  • The government amended the Mines and Minerals (Development and Regulation) Act to facilitate private sector participation in critical mineral mining.

  • Auctions for critical mineral blocks were launched across the country, including lithium reserves in Jammu and Kashmir.

Challenges 

  • Investor interest in the initial auctions has been low, with most blocks receiving no bids.

  • Reasons for low interest include:

    • Lack of sufficient data on potential reserves within the blocks.

    • Technological hurdles, like the absence of proven methods for extracting lithium from clay deposits (as found in J&K).

Looking Ahead: A Long Road to Self-Sufficiency

  • ICRA, a rating agency, predicts limited domestic production by 2030 due to the early stage of exploration.

  • India's manufacturing sector might remain vulnerable to supply shocks until domestic production ramps up.

  • The government is exploring overseas acquisitions of critical mineral resources through Khanij Bidesh India Limited.

  • India has joined the U.S.-led Mineral Security Partnership to strengthen its position in the global market.

  • Overall, India faces an uphill battle in securing its critical mineral needs. 

  • While government initiatives and international partnerships are steps in the right direction, overcoming technical challenges and attracting investors are crucial for achieving self-sufficiency.

COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,11,August 2023,251,August 2024,400,Courses,7,Daily Current Affairs,51,December 2023,189,Disaster Management,2,Environment and Ecology,288,February 2024,228,Foundation Course,1,Free Class,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,301,Govt Schemes,2,GS 2,1,GS1,47,GS2,315,GS3,165,GST,1,History,11,Home,3,IAS Booklist,1,Important News,71,Indian Economy,285,Indian History,21,Indian Polity,324,International Organisation,12,International Relations,231,Invasive Plant,1,January 2024,240,July 2023,281,July 2024,375,June 2022,6,June 2023,268,June 2024,324,March 2024,238,May 2022,17,May 2024,330,Mentorship,2,November 2023,169,October 2023,203,October 2024,299,Places in News,2,Science & Technology,271,Science and Technology,119,September 2023,205,September 2024,336,UPSC CSE,115,UPSC Tips,4,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Critical Minerals: Challenges and Opportunities UPSC NOTE
Critical Minerals: Challenges and Opportunities UPSC NOTE
https://lh7-us.googleusercontent.com/slidesz/AGV_vUcy2SyxxquTKNEy29-WO3h_J9AjUvwjZ_XDpF_F_X5Cqlmf4uoqAeeK_zhCZvt-BIbkcW0fHdGHMuap5ZQ2jyRi37XbV_OSwDdNw6Jk2VdGjWinBjgs_pycKI5RDSxMZZf3lDx_44S1UFTDZxgP4Rcg07pCFIGwPf3rXQ8WgGebww=s2048?key=dj4Q8RImQQk1GxhBJSE2qg
https://lh7-us.googleusercontent.com/slidesz/AGV_vUcy2SyxxquTKNEy29-WO3h_J9AjUvwjZ_XDpF_F_X5Cqlmf4uoqAeeK_zhCZvt-BIbkcW0fHdGHMuap5ZQ2jyRi37XbV_OSwDdNw6Jk2VdGjWinBjgs_pycKI5RDSxMZZf3lDx_44S1UFTDZxgP4Rcg07pCFIGwPf3rXQ8WgGebww=s72-c?key=dj4Q8RImQQk1GxhBJSE2qg
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2024/07/critical-minerals-challenges-and.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2024/07/critical-minerals-challenges-and.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content