Rare Earths Elements (REE) are considered as 'Vitamins of Modern Industry'. In this context, bring out the multi-dimensional implications of uneven distribution of REE in the world.
Introduction
Rare Earth Minerals are minerals that have high utility in critical industries with high disruption potential. (Ministry of Mines)
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Main Body
Vitamins of Modern Industry:
Multi-Dimensional Impact due to Uneven Distribution:
I. Economic Impact:
II. Geographical Impact:
III. Tension and Conflict: due to greed and interference by nations (Example: USA in Bolivia)
III. Social Impact:
Solution:
Rare Earth Minerals are critical to ensure growth of India Industries to attain SDG-8 (Economic Growth)
Conclusion
Rare Earth Minerals are critical to ensure growth of India Industries to attain SDG-8 (Economic Growth)
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- Clear definition using Ministry of Mines source
- Systematic breakdown of REE importance
- Relevant examples provided
Aditya Mathur
Infrastructure, Economy and Development
Critical Minerals and Resource Management
Rare Earth Elements and their importance in modern industry
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Total words
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