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Materializing the potential of Rare Earth's Mining in India

Discussion in 'World Economy' started by Indx TechStyle, Dec 20, 2016.

  1. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    The thread has been dedicated to assess the potential of Indian Rare Eartg Metal Mining Industry.
    When China controls over 95% of the global rare earth industry, India is yet to materialize substantially. Thread is primarily for tracking updates plus what's left behind. It becomes further critical when India is asserting to domesticate semiconductor industry.
     
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  2. Ghanta

    Ghanta FULL MEMBER

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    According to you how much reserves does India have of rare earths? I haven't come across a tentative figure so far..
     
  3. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    'India not realising potential of rare earth industry'[​IMG]Significant rare earths minerals found in India include ilmenite, sillimanite, garnet, zircon, monazite and rutile, collectively called Beach Sand Minerals.
     
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  4. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    Indeed a lot, India possesses more than one of third of world's beach sand materials reserves.

    For nuclear materials too, I guess we have got 28% of world's thorium. US, Europe, Russia, China, ME (though, ME are successful in fossil fuel only so far, not metallurgy) all's economies have utilized a minerals as a good share of foreign reserves. We are one of largest even without minerals. Why not get them so?
     
    Last edited: Dec 20, 2016
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  5. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    [​IMG]India Launches First Survey on Rare Earth Metals to Reduce Dependency on China
    The Indian government has earmarked 12 minerals crucial for the manufacturing of cutting edge defense equipment. India has no declared domestic reserves for majority of the identified critical [rare earth] minerals and is heavily dependent the world’s biggest producer.
    "The Geological Survey of India has initiated a national aero-geophysical mapping program over the identified `Obvious Geological Potential' (OGP) areas for acquiring the baseline magnetic and spectrometric data. By April 2017, aero-geophysical survey over an area of about 2.05 lakh sq. km is planned to be carried out," said Piyush Goyal, Indian Minister for Mines.
     
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  6. VCheng

    VCheng RIDER GEO STRATEGIC ANALYST

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    This part is key:

    Getting potential sources surveyed is step one. Why India waited this long is beyond me, but finally, it is moving ahead in this aspect.
     
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  7. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    Late is better than never.
    Further, India has to huge reserves, must have long term plans to catch up. Like we are catching up in steel industry now.
     
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  8. VCheng

    VCheng RIDER GEO STRATEGIC ANALYST

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    Optimism is good, but hard data are better. What is the source to corroborate your claim of "huge reserves"?
     
  9. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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  10. VCheng

    VCheng RIDER GEO STRATEGIC ANALYST

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  11. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    ????:confused:
    I guess you mean how much is exploitable. That's why survey has been launched.
     
  12. VCheng

    VCheng RIDER GEO STRATEGIC ANALYST

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