July 8, 2025 3:10 PM
With 8% of world’s reserves, India poised to play key role in rare earth elements supply chain
India holds 8 per cent of the world's rare earth element reserves, which gives it the potential of playing a key role in the gradually evolving global supply landscape as China's current dominance is projected to decline, according to a CareEdge report released on Tuesday. While China currently plays a leading role in both mining and refining, its projected share is expected to decrease from 69 per cent to 51 per cent in mining and from 90 per cent to 76 per cent in refining by 2030, as per the...