India Turns to Private Sector for Critical Mineral Supply Amid Global Risks

The Indian government prioritizes private-sector recycling and expedited mining to ensure critical mineral supplies, amid global supply concerns. Initiatives include a new recycling scheme and swift auctions for minerals, aiming to transform India into a recycling hub. Collaborative efforts and policy reforms are emphasized to secure and optimize resources.

The Indian government is increasingly looking to the private sector for recycling and rapid mine development to secure critical mineral supplies, amid global supply chain uncertainties. Piyush Goyal, Secretary in the Ministry of Mines, emphasized this shift at a recent meeting held in New Delhi.

Goyal explained that recycling and recovery from waste streams represent the quickest means to bolster India's mineral security while larger mining projects are developed. The government has fast-tracked a Rs 1,500 crore recycling scheme, operational within a month, significantly ahead of its scheduled launch in October 2025.

Private companies have responded enthusiastically, particularly in lithium-ion battery recycling. Goyal highlighted India's ambition to become a regional recycling hub, with efforts supported by various ministries and regulatory changes. Additionally, auctions for critical mineral blocks have commenced, with policy reforms aimed at expediting mine operationalization.

(With inputs from agencies.)