Context: National Mineral Development Corporation (NMDC) signed an MoU with Gujarat Mineral Development Corporation (GMDC) to collaborate on exploration and development of Rare Earth Elements (REEs).
About NMDC
- Type: A Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Steel.
- Headquarters: Hyderabad.
- Core Activity: India’s largest producer of iron ore.
- Diversification: Engaged in exploration of strategic minerals including copper, rock phosphate, limestone, and Rare Earth Elements (REEs).
- REEs: Group of 17 metallic elements with unique properties, used in electronics, EVs, renewable energy (wind turbines), defence systems, and high-tech manufacturing. Examples: Neodymium (Nd), Dysprosium (Dy), Lanthanum (La)
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2026 preparation.
FOLLOW US ON:
â—‰ YouTube : https://www.youtube.com/@CivilsPrepTeam
â—‰ Facebook: https://www.facebook.com/LaExcellenceIAS
â—‰ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar: 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040