Gujarat Mineral Development Corporation announced that
they are keen to establish a Rare Earth Elements (REE) Processing Plant in the country as REEs are essential for developing green energy technologies like permanent magnets for Electric Vehicles& wind turbines and LEDs, thereby helping India reduce carbon footprint.
As the next stage for entry into the sector and setting up the business, GMDC proposes to conduct a pre economic assessment for the Ambadongar deposit involving, among other things, formulating a process flow design and all relevant testing for beneficiation and REE oxide production in line with Government of Gujarat's vision of establishing a complete value chain for Rare Earth Elements in Gujarat, estimating the investments required for such ventures and possible returns over the project time horizon.
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