India’s critical mineral recycling incentive scheme is a Rs 1,500 crore programme, approved by the Union Cabinet on 3 September 2025 under the National Critical Mineral Mission. It provides subsidies to companies recovering critical minerals from e-waste, spent lithium-ion batteries and other scrap, and yes, it’s meant to move the needle sooner rather than later. The plan lasts for six years, from FY 2025-26 till FY 2030-31, and it rewards real mineral extraction, not merely black mass production, which some people might misunderstand.

Alang ship-breaking scrap prices stay at ₹34,000/t as monsoon limits supply, balancing weak demand and keeping the market range-bound.

ERW patra pipe prices fell as monsoon-led weak demand and lower HR strip and billet costs kept market sentiment under pressure.

Modern logistics and supply chain management in India, highlighting digital transformation with government intervention.

Weak demand and high inventories pressured India's coated steel prices despite mill cuts, while rising zinc costs failed to revive buying.

The National Critical Mineral Mission (NCMM) is India's seven-year programme, okayed by the Union Cabinet on 29 January 2025, to lock in the minerals that actually drive electric vehicles, renewable energy, electronics and defence. It has a total outlay of Rs 34,300 crore, with Rs 16,300 crore coming from government spending and an expected Rs 18,000 crore from investment by public sector undertakings, and it runs from FY 2024-25 up to FY 2030-31. That’s basically the definition. But the more useful thing for a business reader is what changes on the ground, because for the first time India has put real funding, regulatory muscle and incentive schemes behind minerals it earlier treated like just an import line item. If you manufacture, recycle, trade, or put capital to work anywhere close to the metals value chain, the NCMM is now part of your day-to-day operating reality.