GMDC, NMDC Partner to Explore Rare Earth Development in Gujarat

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GMDC, NMDC Partner to Boost India's Rare Earth Sector in Gujarat

Mineral Control: Refined minerals used in batteries, magnets and semiconductor wafers form the first critical layer. This segment recorded $14.5 billion in global exports in 2024, with processing capacity heavily concentrated in China. Other contributors include Indonesia, Chile, Zimbabwe, Canada and Argentina, but control over refining — rather than mining alone — determines who anchors this defence-relevant industrial stage. (Image: Canva)

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CNBC TV18•16-03-2026, 16:30

GMDC, NMDC Partner to Boost India's Rare Earth Sector in Gujarat

•Gujarat Mineral Development Corporation (GMDC) and NMDC Limited signed an MoU to explore rare earth development in Gujarat.
•The partnership aims to develop an integrated rare earth value chain, covering exploration, mining, processing, and downstream applications.
•Collaboration will primarily focus on GMDC’s Ambadungar rare earth deposit, strengthening India's capabilities in the sector.
•The initiative seeks to enhance critical mineral resilience, reduce import dependence, and support clean energy technologies.
•GMDC MD Roopwant Singh highlighted leveraging complementary institutional strengths and technical expertise through this collaboration.

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