India to Set Up 4 Critical Mineral Parks for Lithium, Nickel in Gujarat, Maharashtra, AP, Odisha

Published: Aug 14, 2026 12:23
The initiative is part of the National Critical Mineral Mission (NCMM), approved by the Union Cabinet in January 2025, with a total outlay of Rs 34,300 crore (approximately $3.8 billion)

The Indian government is planning to establish four dedicated critical minerals processing parks across Gujarat, Maharashtra, Andhra Pradesh and Odisha to accelerate domestic value addition for battery materials, with an initial focus on lithium and nickel, Mines Secretary Keshav Chandra told the Economic Times on Thursday.

Each park will serve as an element-specific ecosystem, with facilities specialising in critical minerals such as lithium and nickel, which are prioritised for the battery sector. Downstream processing for other critical minerals will be developed later, Chandra said.

The Economic Times reported that the government is fast-tracking the development of parks designated for lithium and nickel.

Each park will integrate the entire value chain, from processing to downstream industries, for its designated element.

The initiative is part of the National Critical Mineral Mission (NCMM), approved by the Union Cabinet in January 2025, with a total outlay of Rs 34,300 crore (approximately $3.8 billion) over seven years to achieve self-reliance and accelerate India’s green energy transition.

The government has allocated Rs 16,300 crore for NCMM, while public sector enterprises are expected to provide the remaining funds to support critical mineral exploration domestically and abroad.

Additionally, Rs 500 crore has been allocated under NCMM to encourage the establishment of mineral processing parks utilising existing infrastructure, with recycling expected to be a key component.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Stainless Steel Flash] Marcegaglia Sheffield: Greater Domestic Sourcing May Ease UK Stainless Steel Quota Concerns
25 mins ago
[SMM Stainless Steel Flash] Marcegaglia Sheffield: Greater Domestic Sourcing May Ease UK Stainless Steel Quota Concerns
Read More
[SMM Stainless Steel Flash] Marcegaglia Sheffield: Greater Domestic Sourcing May Ease UK Stainless Steel Quota Concerns
[SMM Stainless Steel Flash] Marcegaglia Sheffield: Greater Domestic Sourcing May Ease UK Stainless Steel Quota Concerns
Marcegaglia Stainless Sheffield President Liam Bates stated that concerns over steel quota impacts on downstream industries could be addressed by increasing purchases of domestically produced standard stainless steel long products while maintaining imports of specialist grades. Following the latest UK government review, the effective market size was adjusted to approximately 30,000 mt, while tariff-free quotas were raised to 20,000 mt/year — meaning roughly two tonnes can be imported tariff-free for every tonne produced domestically. Even if the entire market were supplied through imports, the average tariff impact across the market would be approximately 17%. Bates noted that standard products, which account for most UK demand, can largely be manufactured domestically, though a significant share of UK stainless steel distribution is owned by European bar producers that have traditionally supplied from European facilities. Shifting standard and interchangeable requirements to domestic sourcing would preserve quota capacity for specialist grades. Marcegaglia Stainless Sheffield is also expanding its product offering to serve a broader UK customer base.
25 mins ago
[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Posts Consecutive Quarterly Profits and Positive H1 Earnings
27 mins ago
[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Posts Consecutive Quarterly Profits and Positive H1 Earnings
Read More
[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Posts Consecutive Quarterly Profits and Positive H1 Earnings
[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Posts Consecutive Quarterly Profits and Positive H1 Earnings
Tang Eng Iron Works reported Q2 net profit of NT$77.56 million, securing two consecutive quarters of profitability and contributing to H1 net profit of NT$191.68 million with EPS of NT$0.55. Consolidated Q2 revenue reached NT$2.82 billion, bringing H1 total revenue to NT$5.29 billion. Unaudited July revenue rose 24.8% MoM to NT$880.2 million. The turnaround was driven by improved steel market conditions, rising nickel prices, and consistent price adjustments implemented since December last year. Market participants expect the company to return to full-year profitability, ending four consecutive years of losses.
27 mins ago
[SMM Stainless Steel Flash] Yusco Renews AD Petition Against Vietnam's CRC Stainless Steel, Hearing Set for Sep 14
51 mins ago
[SMM Stainless Steel Flash] Yusco Renews AD Petition Against Vietnam's CRC Stainless Steel, Hearing Set for Sep 14
Read More
[SMM Stainless Steel Flash] Yusco Renews AD Petition Against Vietnam's CRC Stainless Steel, Hearing Set for Sep 14
[SMM Stainless Steel Flash] Yusco Renews AD Petition Against Vietnam's CRC Stainless Steel, Hearing Set for Sep 14
Yusco renewed an anti-dumping investigation petition in early July targeting Vietnamese 304 cold-rolled stainless steel, driven by surging import volumes. Customs data showed imports reaching approximately 6,200 tonnes in June and 6,000 tonnes in July, a 168% YoY surge, with cumulative imports for the first seven months of the year hitting 23,200 tonnes. Although formal case registration remains pending, Chinese Taiwan's Customs Administration has scheduled a preliminary hearing for September 14 due to heavy administrative workloads. Importers have expressed concern over potential retroactive AD duties affecting existing unfulfilled contracts. Yusco and Tang Eng previously filed a similar petition in October 2025 before temporarily withdrawing it; renewed import pressure and sluggish local demand have prompted the latest regulatory action to safeguard fair competition.
51 mins ago