Rare earths and critical minerals

Sovereign defense and automotive electrification demand complete domestic chemical separation, refining, and permanent magnet fabrication.

Target audience
Domain specialists, industry executives, researchers, and venture investors
Primary sources
Ministry of Mines, National Critical Mineral Mission, IREL Limited

Sector overview and strategic context

India possesses approximately eight point five million metric tons of rare earth resources, including significant monazite coastal sands and newly identified deposits in Purulia, West Bengal. However, domestic refining remains limited, forcing India to import over fifty-three thousand tons of rare earth permanent magnets annually, more than ninety percent from China.

The ten-year sovereign milestone

Ten-year milestone: domestic chemical separation processes deployed commercially; indigenous rare earth permanent magnets powering domestic electric vehicles and defense systems within five years.

Key comparative benchmarks and sovereign objectives
Critical mineral stageCurrent domestic statusTen-year sovereign target
Mineral resource extraction8.5 million tons identifiedCommercial mining active across Purulia and coastal belts
Heavy rare earth separationExported as crude saltsDomestic solvent extraction and chemical separation capacity
Neodymium magnet manufacturingOver 90 percent imported100 percent domestic manufacturing for defense and EVs

Authentic research sources and citations

  1. Sovereign innovation advisory council. (2026). Technology roadmap for rare earths and critical minerals.
  2. Ministry of Mines, National Critical Mineral Mission, IREL Limited