The initiative is part of the National Critical Mineral Mission (NCMM), approved by the Union Cabinet in January 2025, with a total outlay of Rs 34,300 crore (approximately $3.8 billion)

[SMM Aluminum Express News] A proposed bauxite and marl mining project at the Mevasa Block in Gujarat’s Devbhumi Dwarka district has been recommended for environmental clearance by India’s Environment Ministry’s Expert Appraisal Committee (EAC). The project covers just over 5 hectares and is located around 1.6 km from India’s first marine wildlife sanctuary and 6 km from the Marine National Park along the Gulf of Kachchh. The EAC issued its recommendation at its 29 July 2026 meeting, subject to environmental and wildlife protection conditions.

Hindustan Copper is conducting due diligence and is open to partners for the JV, such as Coal India and NTPC Mining.

[India] Ship-breaking HMS (80:20) prices in Alang, Gujarat, declined to 351 USD/tonne ex-yard. Persistent rainfall disrupted cutting operations and constrained processed scrap availability, while weaker billet and rebar prices reduced buying interest from secondary steelmakers. Procurement remained largely need-based, but tight supply limited the correction. The market is expected to remain range-bound in the near term.

[India] HMS 80:20 ship-breaking scrap prices in Alang remained unchanged at 353 USD/tonne ex-yard. Although steel prices weakened across Gujarat and northern India’s secondary market, restricted scrap arrivals, manageable inventories and sellers’ resistance to lower bids supported the market. Steelmakers continued to purchase only for immediate requirements, while subdued demand is expected to limit significant price upside.

[India] HMS 80:20 ship-breaking melting scrap prices in Alang, Gujarat, remained stable at approximately USD 353/tonne ex-yard. Tight scrap availability and logistics constraints continued to support the market, while firmer finished-steel prices in Gujarat also helped stabilize sentiment. However, downstream steel demand remained subdued, and mills and recyclers largely restricted procurement to immediate requirements rather than rebuilding inventories. Prices are expected to remain rangebound in the near term.