Between the financial years 2022 (FY22) and FY23, there has been a jump of 34 per cent in imports of critical minerals including glauconite, nickel, platinum group elements (PGE), potash, graphite, molybdenum (ore), phosphorite (phosphate), lithium, titanium, and rare earth elements (REE).
- The platinum-group elements (PGE) include platinum, palladium, rhodium, ruthenium, iridium, and osmium.
- PGE metals have similar physical and chemical properties and occur together in nature.
- The properties of PGE, such as high melting points, corrosion resistance, and catalytic qualities, make them indispensable to many industrial applications.
