In her Union Budget 2026 speech, the Finance Minister announced the establishment of dedicated Rare Earth Corridors for coastal states. Nirmala Sitharaman, India's Finance Minister, announced the establishment of dedicated Rare Earth Corridors to boost and enhance domestic mining, processing, and manufacturing of such elements. A group of 17 nearly indistinguishable lustrous silvery-white soft heavy metals is called the rare earth elements or rare earth minerals. The 15 lanthanides (or lanthanoids), along with scandium and yttrium, are usually included as rare earths. Notably, according to the US Geological Survey's February 2025 report, China has the biggest deposit of rare-earth elements.

Source: dna February 01, 2026 06:00 UTC