India charts rare earth mineral-corridors to break China’s monopoly

Finance Minister Nirmala Sitharaman on Sunday unveiled a significant initiative designed to reshape India’s engagement with critical minerals.

During her budget presentation in the Lok Sabha, she announced that the government will extend support to the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing specialised rare earth corridors. These corridors are intended to serve as all-encompassing hubs that will cover the complete value chain of rare earth development, including mining, processing, research, and advanced manufacturing.

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