News Highlight
Recently, the Confederation of Indian Industry (CII) has urged the government to set up an ‘India Rare Earths Mission.”
Key Takeaway
- It is to encourage private-sector mining in the Rare Earths minerals sector and to counter India’s reliance on China for imports of such minerals.
What are Rare Earths minerals?
- About
- The rare earth elements (REE) are seventeen metallic elements.
- The 17 Rare Earths are cerium , dysprosium , erbium , europium , gadolinium, holmium, lanthanum , lutetium , neodymium, praseodymium, promethium, samarium, scandium, terbium, thulium, ytterbium, and yttrium.
- Distribution
- The important ores are in China, the United States, Australia, and Russia, while other viable ore bodies are found in Canada, India, South Africa, and Southeast Asia.
- India
- India has 6% of the world’s rare earth reserves.
Significance of the India Rare Earths Mission
- Energy security
- Over the next two decades, Electric Vehicles and battery storage will account for about half of the mineral demand growth from clean energy technologies.
- The rapid growth of hydrogen use in Sustainable development underpins significant growth in demand for nickel and zirconium for use in electrolysers.
- Renewable Infrastructure
- Renewable infrastructure, in terms of solar and wind turbines, also requires rare earth minerals.
- For example, solar cells use a range of minor metals, including silicon, indium, gallium, selenium, cadmium, and tellurium.
- Technology for Future
- Battery Technology is set to improve with several potential improvements to the Li-ion technology, with alternatives to this tried-and-tested formulation being in the advanced stages of commercialisation.
- Reduces Chinese Dependence
- Due to rising geopolitical rivalries between the west and China, it is essential to source mineral supplies from alternate sources.
- China accounted for more than 90 per cent of the world’s production of rare earth minerals in 2008. By 2011, China accounted for 97 per cent of world production.
- India’s Climate Targets
- According to the plan, 80 per cent of the country’s two- and three-wheeler fleet, 40 per cent of buses, and 30 to 70 per cent of cars will be Electic Vehicles by 2030.
Issues and challenges
- Monopoly of few
- Most of the reserves in a few nations cause problems for most of the world because of the concentration of resources in the hands of a few countries.
- Difficult to mine
- Although they are more abundant than their name implies, they are complex and costly to mine and process cleanly.
- Environmental Impact
- The chief concern is that the rare earth elements are bound up in mineral deposits with the low-level radioactive element thorium, exposure to which has been linked to an increased risk of developing lung, pancreatic, and other cancers.
- Capital-Intensive
- The mining and extraction processes are capital-intensive and consume large amounts of energy.
- Toxic By-products
- The mining of these minerals releases toxic by-products which are harmful to the environment and human health.
- Lack of Expertise
- India would not have found a place in the Minerals Security Partnership grouping because the country needs to bring expertise to the table.
Way forward
- Making it part of the Make in India campaign
- There is a need to make rare earth minerals a part of the ‘Make In India’ campaign, citing China’s ‘Made in China 2025’ initiative that focuses on new materials, including permanent magnets made using rare earth minerals.
- Minerals Security Partnership (MSP)
- India should try through diplomatic channels to enter this partnership.
- It is a US-led partnership initiative of 11 nations which aims to bolster critical mineral supply chains.
- India is not a member of this.
- QUAD critical and Emerging Technology Working group
- It aims to develop supply resilience among Quad members, including India, the US, Japan, and Australia.
- Participation of private players
- Participation of private players in extraction would help to reduce public investment and technology transfer.
Content Source: The Hindu