Context:

•  India launches auction of 18 critical mineral blocks worth 30 lakh crore.
•  Aims to achieve 50% non-fossil power by 2030, aligning with global sustainability goals.

Critical Minerals Defined:

• Minerals with high supply risk, impacting the economy significantly.
• Factors include import dependency, recyclability, and substitutes.

Evaluation:

• CSEP's 2023 assessment based on economic importance and supply risks.

Significance:

• Critical minerals crucial for renewable energy, defense, and high-tech sectors.
•  Over-reliance on imports poses supply chain vulnerabilities.