Archive · 14 Jun 2025
India to Launch Incentive Scheme to Boost Mineral Recycling
India is creating a new plan to encourage companies to recycle important minerals like lithium and neodymium.
The government will offer money to companies that recycle these minerals from old batteries and other sources.
This is because it's difficult to mine for these minerals, and they are needed for many modern products.
The goal is to increase the number of companies involved in recycling, which will help India secure a steady supply of these important resources.
India plans a Rs 1,500 crore incentive scheme to promote critical mineral recycling.
The scheme targets minerals like neodymium, copper, lithium, nickel, and cobalt.
The initiative aims to boost domestic processing and attract more companies.
Several companies already extract lithium from used batteries in India.
Midwest Advanced Materials (MAM) is acquiring technology to produce rare earth magnets.
- Who
- The Indian mines ministry and companies involved in mineral recycling.
- What
- Rs 1,500 crore incentive scheme for recycling critical minerals.
- When
- Scheme is in its final stage and will seek cabinet approval soon.
- Where
- India, with focus on domestic processing.
- Why
- To incentivize recycling and secure supplies of critical minerals.
Challenges to Production
Government Initiatives
Production Time
Challenges to Production
Establishing a supply chain for rare earth magnets takes time and investment.
Government Initiatives
The government seeks to incentivize recycling and enhance availability of critical minerals.
Market Competition
Challenges to Production
China may undermine efforts to compete by offering lower prices.
Government Initiatives
Companies are trying to enter the market.
- Incentive Scheme Amount
- Rs 1,500 crore
- Focus Minerals
- Neodymium, copper, lithium, nickel, and cobalt
- MAM Technology
- Technology for rare earth magnet extraction from NFTDC
- IREL Production
- Sole producer of rare earth elements in India
- India's REE Reserves
- 6.9 million tonnes
