📷 Image: Wikimedia Commons / Ginevrajocosa88
Business
Government launches auction of rare earths, tungsten and other critical minerals
✍️ The Financial Express
🗓 09 Nov 2026, 01:37 AM
👁 19
The Indian government announced its latest round of auctions for critical minerals, covering rare earth elements, tungsten and several other strategic resources.
New Delhi – The central government has opened a fresh auction round for a portfolio of critical minerals deemed essential for strategic and industrial purposes. Among the commodities listed are rare earth elements and tungsten, both of which are vital for sectors ranging from electronics to defense.
The move is part of a broader policy to secure domestic supply chains and reduce reliance on imports for these high‑technology inputs. Industry participants are expected to submit bids in accordance with the guidelines issued by the Ministry of Mines.
Details on the auction schedule, reserve prices and eligibility criteria have been made available on the official portal, inviting both Indian and foreign firms to compete for mining and processing rights.
Stakeholders anticipate that the auction could boost investment in the mining sector and strengthen India's position in the global critical minerals market.
The government has indicated that further rounds may follow, targeting additional minerals identified as crucial for the nation’s economic and security interests.
The move is part of a broader policy to secure domestic supply chains and reduce reliance on imports for these high‑technology inputs. Industry participants are expected to submit bids in accordance with the guidelines issued by the Ministry of Mines.
Details on the auction schedule, reserve prices and eligibility criteria have been made available on the official portal, inviting both Indian and foreign firms to compete for mining and processing rights.
Stakeholders anticipate that the auction could boost investment in the mining sector and strengthen India's position in the global critical minerals market.
The government has indicated that further rounds may follow, targeting additional minerals identified as crucial for the nation’s economic and security interests.