Related Steps Taken  for Rare Earth metals: UPSC Daily Important Topic | 20 April 2023

Related Steps Taken  for Rare Earth metals

✅Globally: Multilateral Minerals Security Partnership (MSP) (est. 2022) by various countries (US, Canada, Australia, South Korea, EU, Japan, etc) (not India) to build robust critical minerals supply chains needed for climate objectives.

✅India: Amendment in the Mines and Minerals (Development and Regulation) Act in 2021 (no mine will be reserved for a particular end-use).