India fast-tracks atomic mineral exploration for nuclear power surge

business
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Moneycontrol•11-12-2025, 16:31
India fast-tracks atomic mineral exploration for nuclear power surge
- •The Indian government is pushing the Atomic Minerals Directorate (AMD) to fast-track exploration for uranium, thorium, lithium, and rare earth elements.
- •This initiative supports India's goal to increase nuclear power capacity tenfold, from 8 GW to 100 GW by 2047.
- •Annual natural uranium demand is projected to surge to over 8,000 tonnes by 2047, up from around 3,600 tonnes in the early 2030s.
- •The expanded exploration aims to reduce import dependence and secure a long-term mineral base for India's growing civil nuclear program.
- •Currently, domestic uranium meets only a small fraction of India's nuclear fuel needs, with plans to nearly quadruple imports and diversify sources.
Why It Matters: Securing atomic minerals is crucial for India's massive nuclear power expansion.
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