India to Introduce Policy for Stockpiling Critical Minerals

The Indian government is set to unveil a new policy focused on the stockpiling of critical minerals, recognizing their vital role in economic growth, the transition to green energy, and national security. Mines Secretary Keshav Chandra announced this development during the India Mines and Minerals Conclave 2026, organized by the industry body Assocham. He stated that the policy is nearing completion and is expected to be announced within a month.

The initiative aims to ensure a steady supply of critical minerals to strategic sectors, including defense, aerospace, and energy. Chandra highlighted the importance of these minerals, which include copper, lithium, nickel, cobalt, and rare earth elements, as they are essential for clean energy technologies. These materials are increasingly utilized in wind turbines, electricity networks, electric vehicles, and battery manufacturing.

In addition to the stockpiling policy, the government is also working on establishing four dedicated critical minerals processing parks in Andhra Pradesh, Odisha, Gujarat, and Maharashtra. These parks will facilitate the processing of raw materials imported from abroad, further enhancing India's capabilities in this sector.

Cleared to File

Chandra emphasized the need to accelerate exploration efforts, strengthen the country's critical mineral capabilities, promote recycling and beneficiation, and adopt modern mining practices. He noted that countries achieving significant progress in this area are those that effectively utilize their resources and integrate new technologies into their mining operations.

The upcoming policy is expected to bolster India's position in the global market for critical minerals, which are increasingly recognized as essential for national security and economic resilience. By ensuring a reliable supply of these resources, the government aims to support the growth of key industries and enhance the country's strategic capabilities.