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Strategic Analysis of India's Critical Minerals:


Resource Assessment, Demand Projection, and
Global Partnerships (2024-2044)

Mine Data Analytics


What we did?
Review of Reports/Analysis/Studies by
International and National Organizations
Compiling Data to make multiple Commentary on Critical Mineral Policy of
International: World Energy Outlook (International Energy clean/consistent csv files India
Agency), 2023 Statistical Review of World Energy (Energy Implementing Imputation Techniques & then EDA to get Learnings from the project:
Institute) 2023 National:Critical Minerals for India: Report of the some visualizations
Committee on Identification of Critical Minerals (Ministry of
Mines) June 202 “Mining” of Critical Minerals is directly related to
achieving the goal of clean energy and hence
Step 2 Step4 sustainability/sustainable development.

Step1 Step3 Step 5


Collection of Datasets or Data Products on Applied ML Algo to predict forecast
Critical Minerals
Global Demand, Reserves and Production
production and demand.

IEA

USGS Mineral Commodity Summaries

British Geological Survey World Mineral Production

International Fertilizer Industry Association (IFA)


Overview of India’s Critical Mineral Policy
1 Definition of Critical Minerals: 3 Identification Process:

Lack of availability or concentration of Ministry of Mines formed a committee to


extraction can lead to supply chain identify critical minerals under three-stage
vulnerabilities and disruptions. assessment.

2 Global Significance of Critical Minerals: 4 List of Critical Minerals:

Future global economy relies on Committee identified 30 critical minerals


technologies dependent on minerals like including Antimony, Beryllium, Cobalt,
copper,lithium, graphite, cobalt, titanium, Copper, Lithium, Nickel, REE, Silicon,
and rare earth elements. Tantalum, Titanium, Tungsten, Vanadium,
and others.
We choose Cu, Here is Why?
● Electric Vehicle Infrastructure: Copper is a key material for charging stations, electric vehicle motors, and
wiring, crucial for the transition to electric mobility.
● High Electrical Conductivity: Copper efficiently transmits electricity, making it essential for renewable
energy generation (wind turbines, solar panels) and power transmission infrastructure.
● Durability and Recyclability: Copper has a long lifespan and can be recycled efficiently, minimizing
environmental impact and resource depletion.
● Energy Efficiency: Copper components in electric motors and transformers contribute to significant energy
savings compared to traditional alternatives.
As we can see,the world production is increasing significantly, but India's
Copper production is almost static.
Trend analysis
Demand Vs Production
Project objective

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Demand
projections
For each of the clean energy technologies, we
estimate overall mineral demand using four

main variables:

• clean energy deployment trends under different


scenarios;

• sub-technology shares within each technology


area;

• mineral intensity of each sub-technology; and

• mineral intensity improvements

an see,the world production is increasing


significantly, but India's Copper production is
almost static.
Based on the analysis of India's critical mineral policy and the prediction of
copper demand, here are three key suggestions:
Conclusions

Building International Relations: Raising Awareness and Capacity Building: Creating awareness
Strengthening partnerships with Establishing a Centre of Excellence for Critical among stakeholders about the importance of the mining
countries possessing significant Minerals: India should involve premier industry, especially critical minerals like copper, is essential.
copper reserves can enhance India's institutions like the Indian School of Mines Initiatives like workshops, seminars, and educational programs
access to critical minerals. (ISM) in establishing a Centre of Excellence can help educate policymakers, industry professionals, and the
Collaborative agreements, trade dedicated to critical minerals. This center can general public about the significance of critical minerals, their
partnerships, and joint ventures serve as a hub for research, innovation, and role in economic development, and the need for sustainable
with countries like Chile, Peru, and policy formulation related to critical minerals. resource management practices. Increased awareness can foster
Australia can help secure a stable ISM's expertise can contribute to developing collaboration, investment, and policy support for the mining
supply of copper and reduce strategies for sustainable mining practices, sector.
dependence on volatile global resource exploration, and technology
markets. innovation.
Thank you.

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