New Delhi, Jan. 15 -- The upcoming Union Budget should expand its focus beyond exploration and mining to include targeted support for processing and recycling of critical minerals and rare earths, along with risk-mitigation mechanisms for overseas mineral assets to achieve self-sufficiency and stem reliance on imports, noted Deloitte India.

Speaking with ANI, Deloitte India Partner Anish Mandal said, "What could be allocated now is also a particular fund around processing of these minerals, or recycling of these minerals from spent magnets."

He added, "Similarly, recycling of lithium and nickel is something that could be looked at, and budgetary support around that would be something industry is expecting."

Mandal also highlighted the ...