A group of 17 elements essential for permanent magnets, wind turbines, EVs, defence systems, and electronics. China controls ~60% of mining and ~90% of processing globally.
Why it matters for India: India has the world's 5th largest rare earth reserves but processes very little domestically. Government policy is pushing GMDC, IREL, and private players to build processing capacity to reduce dependence on Chinese imports.
Sectors represented: Metals & Mining, Automobile and Auto Components, Capital Goods, Financial Services
...Rare Earths & Critical Minerals – A National Strategic Imperative As the world pivots toward energy storage, renewables, and digital technologies, the need for Rare Earth Elements (REEs) has become paramount. GMDC’s Rare Earth initiative stands at the forefront of India’s critical minerals programme. The deposit under development holds Light Rare Earths critical for applications in EVs, wind tu...
...However, a critical risk has emerged in the form of global rare earth magnet shortages, following the imposition of export restrictions by China, which controls a significant share of the global supply. These magnets are vital for electric motors, power steering systems, and sensor- based technologies widely used in electric and smart vehicles. The ongoing supply tightness could disrupt E...
...Launched IE5 ultra-premium efficiency, rare-earth-free motors, built in India and shipped to customers. It was growth with a cyclical breathing space on margins. PBT stood at ₹2,230 Crores (16.9%) and PAT at ₹1,669 Crores (12.6%), both lower than 2024. However, it should be noted that since 2021, profit before tax and exceptionals have grown at a CAGR...
...For certain batteries, we are exploring rare earth metals as a safer alternative to mercury. All our AA and AAA batteries are now fully RoHS compliant, passing 15 critical regulatory tests annually. We also ensure all suppliers meet RoHS and REACH certification standards. Infrastructure development To meet OEM and customer requirements in Asian markets, we have aligned our R&D with customised p...
...In order to support the renewable energy initiative, royalty rates for the extraction of three vital and strategic minerals [viz., lithium, niobium, and rare earth elements (REEs)] were specified to attract bidders in the auction process. The government also endorsed a viability gap funding (VGF) scheme to develop battery energy storage systems (BESS) by lowering storage co...
...A significant quantity of rare earth and critical minerals are required as a raw material in the manufacturing process in automotive industry. Due to lack of viable substitutes any disruption in supply chain in the case increase in demand or market competition can cause a financial burden. Scarcity in these materials can force the indu...
...Its features include: Ride by wire throttle with integrated Electronic Control Unit Liquid cooling with a fully internal coolant bypass system Forged piston, direct-acting double overhead cams, low friction DLC coatings Rare earth ACG for low weight FLS (FCC Leaning Segment) Friction material with Assist & Slip Clutch mechanism V ehicle development and design The motorcycle includes vario...
...Electric buses use certain rare earth elements and as the demand of electric buses increase and suppliers of raw material and components remain unchanged we need to have tie ups with more suppliers and strengthen our ecosystem. 100 Annual Report 2022-23 The Company in order to address such risks has already tied up with more supply partners and has been exploring to add...
...Their recycling facilities are equipped to extract valuable materials like metals, plastics, and rare earth elements from electronic devices and the vendor disposes the valuable components and materials recovered from e-waste to vendors who shall put it to use in the manufacturing of new electronic products. This reduces the need for virgin resources, conserving energy and loweri...
...Many energy technologies, including solar panels, wind turbines, batteries, and electric vehicles, require minerals and metals such as lithium, cobalt, nickel, and rare earth elements. These resources are not infinite, and their extraction can have environmental consequences. Energy production, particularly in thermal power plants, often requires large amount...
...The deepening rare earth crisis is threatening key technological supply chains, while tariff disputes, especially between the United States and China, continue to disrupt trade flows and fuel uncertainty for businesses worldwide. Geopolitical instability, particularly in the Middle East, is adding further strain. Disruptions in vital shipping corridors such as the Red Sea are increasing transpo...
...Furthermore, the Russian and Ukraine war disrupted global supply chains, especially for critical metals and rare earth elements, and exacerbated fuel price volatility. Inflation remains a challenge for the entire industry. However, increased aircraft and military orders indicate continued growth in 2023. India’s defence expenditure ranks third globally,...
...HVLTs such as red mud contain traces of Rare Earth Minerals (REE) and Research and Development projects are underway to enable the economical extraction of these minerals. Trials are also underway to use this waste as an alternative to sand. We are collaborating with CSIR, CRRI, IIT Kharagpur, IMMT, and NITI Aayog on these projects. Reducing biodiversity impact During the year, we established t...
...It includes Koongie Park, Sophie Downs, Ruby Plains and Taylor Lookout tenements, known to host prospective geology for base metals, gold, rare earth elements (REE) and tungsten mineralisation. The East Kimberley tenements are in the early stages of exploration, with first-pass drilling for base metal exploration completed. International Coal Ventures Pvt. Ltd. (ICVL) ICVL, a joint venture comp...
...In FY-22-23, we started a second collaborative project with the Indian Institute of Technology Mumbai, to develop new technology for traction motors without rare earth magnets. Lighting R&D has also introduced new technologies as per the mega trends in the automotive market. Some examples are hollow effect-based LED tail lamps, road projection lamps, bending lights, etc. ...
...Recover Extract valuable elements from waste, such as rare earth elements. Rehabilitate Restore and rehabilitate waste storage areas that have reached the end of their capacity Storage Safe and compliant storage of wastes like bauxite residue and ash in dedicated storage facilities. 5R+1S framework Aluminium scrap ready for recycling at Hindalco 174 — 175 Hindalco Industries Limited Integrated ...
...ANNEXURE F TO THE BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS REPORT Annual Report 2024-2555 While there are geopolitical concerns – recent Indo-Pak border skirmishes, worsening Russia-Ukraine conflict, US tariff flip flops, Chinese restrictions on export of key rare earth minerals etc., domestic macroeconomic parameters remain favorable. The pulse on the ground is very positive. Monsoon...
...Our Research efforts are intensely focused on unlocking the potential of novel materials and molecules—spanning nanotechnology, speciality carbon blacks, alkali metal- transition based rare-earth-based battery component materials, and advanced recycling initiatives—to deliver meaningful value to our customers and contribute sustainably to a circular economy. Dr. Soumen Chakroboarty President Ca...
...McNally Sayaji Engineering Limited (MSEL) is one of the India’s leading manufacturers of crushing, screening, grinding, material handling and mineral processing equipment The Company services core sector industries (iron ore, coal, steel, zinc and copper, limestone, rare earths and other mineral businesses as well as aggregate) The Company’s product range includes crushers (jaw and roll), impac...
...Liquid-Liquid Separation Systems (WFE) Membrane Separation Systems (HARI) Current Applications Oleo chemicals Used oil recycling Resins & Polymers New Applications Green chemistry Renewable fuels Gas to liquids Recycling of lithium and rare earths Process Know-How 9 Annual Report 2023-24 GMM Pfaudler 8 Installed Base Local Presence Improved Customer Experience Services Local Presence Spare Par...
...57 Annual Report 2024-25 OPPORTUNITIES AND THREATS Opportunities Rising EV demand leading to higher need for electric actuators, BLDC motor components EV disruption may reduce volumes for traditional ICE-based components Growth in Tier-1 exports from India due to cost and quality edge Volatility in raw material prices (copper, steel, rare-earths) OEM preference for local sourci...