Archive · 27 Sep 2025
India's Critical Mineral Push: 3 Stocks to Watch
India is trying to become less dependent on other countries for important minerals like those used in electric cars and renewable energy.
This is because China, a major supplier, has restricted exports in the past.
To achieve this, the government is supporting companies that mine and process these minerals.
Several companies, including Gujarat Mineral Development Corporation (GMDC), Hindustan Copper (HCL), and Manganese Ore India Limited (MOIL), are expanding their operations.
These companies are already seeing financial gains, but their current stock values are quite high.
India is focusing on developing its own critical mineral resources.
Government initiatives include auctions and policy support.
GMDC is investing significantly in rare earths and other projects.
Hindustan Copper is expanding its mining capacity.
MOIL aims to double its manganese ore production by 2030.
- Who
- GMDC, Hindustan Copper, and MOIL
- What
- India is focusing on developing its own capacity in critical minerals like rare earths, copper, and manganese.
- When
- Companies are expanding operations now and in the coming years.
- Where
- India
- Why
- To reduce reliance on imports and boost domestic capacity in strategic minerals.
- Key Minerals
- Rare earths, copper, manganese, nickel, etc.
- GMDC Investment Plan
- ₹134 billion strategic investment plan
- HCL Mine Capacity
- Plans to expand to 12 MMT capacity
- MOIL Production Goal
- Double manganese ore production to 3.50 million MMT by 2030
- Hindustan Copper PAT
- PAT increased 60% to ₹4.7 billion in FY25