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Recent Current Affairs related to Critical Minerals

2 News
12 May 2026 INTERNATIONAL

The Asian Development Bank (ADB) has launched the Critical Minerals-to-Manufacturing (CMM) Financing Partnership Facility during the 59th Annual Meeting (AM) of the Board of Governors in Samarkand, Uzbekistan.

The facility includes a Grant Window (CMM Trust Fund) for early stage project preparation, supported by initial contributions of $20 million from Japan and $1.6 million from the UK. Additionally, a Catalytic Finance Window has been established for co-financing, with Korea Eximbank and the Korea Trade Insurance Corporation (K-SURE) signing initial memoranda worth $500 million as partners.

7 May 2026 NATIONAL

The Ministry of Mines has approved 58 companies as eligible participants under the “Incentive Scheme for Promotion of Critical Mineral Recycling” (IS-PCMR).

The scheme is a key initiative under the National Critical Mineral Mission (NCMM) with a total financial outlay of ₹1,500 crore. The initiative has attracted pledged investments worth ₹5,000 crore and aims to achieve a recycling capacity of 850 Kilo Tonnes Per Annum (KTPA).

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