9 May 2026
India unveils ₹14,500 crore Critical Minerals Mission
UPSC
Banking
Economy
Defence
Summary
Cabinet approved the National Critical Minerals Mission with ₹14,500 crore outlay over 7 years for exploration, extraction and processing of 30 critical minerals including lithium, cobalt, rare earths.
Why it matters
UPSC GS-3 (Economy, S&T). Strategic for EV transition, renewable energy, defence. Connect with India-Australia critical minerals MoU (Apr 2026).