Government urged to boost IREL funding for rare earth mining
pre-market1 source ↓written by the desknot a recommendation
A parliamentary committee has urged the Indian government to increase funding for IREL (India) Limited to enhance domestic mining of rare earth minerals. This move aims to reduce import dependence as global demand for these materials rises, driven by sectors like clean energy and electric vehicles. Secure access to rare earths is deemed crucial for India's economic and technological security.
Not investment advice. For informational purposes only.