Gujarat’s Emerging Rare Earth Giants: Key Companies Driving India’s Mineral Revolution

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Gujarat is rapidly positioning itself as a significant hub for rare earth mining, processing, and value addition, with both large public-sector initiatives and notable private sector collaboration leading the charge.

Gujarat Mineral Development Corporation (GMDC)

GMDC stands at the forefront of Gujarat’s rare earth ambitions, spearheading the massive Ambadongar rare earth deposit project in Chhota Udepur. As a large state-run mining PSU, GMDC brings scale, credibility, and integrated expertise, aiming for a full supply chain from extraction to advanced REE processing—especially as India seeks energy and technology self-reliance. Its strong government backing enables investment in infrastructure and employment, though public-sector pace can occasionally be slower than private industry.

Credo Rare Earths (India) Private Limited

Credo Rare Earths (India), part of the larger Gujarat Credo Alumina group, is a key private collaborator with GMDC and the Gujarat government for critical minerals exploration, mining, and processing. This joint approach helps bridge technical and commercial expertise gaps, with Credo also operating India’s largest synthetic zeolites facility. Their presence brings private sector agility and innovation to Gujarat’s rare earth space, though they are not yet as established in rare earth output as GMDC.

Trafalgar Group Rare Earth Plant (planned)

Trafalgar Group represents new international investment in Gujarat by planning India’s first major rare earth metals, alloy, and magnet manufacturing plant, expected to supply a significant share of domestic NdFeB magnets. This promises advanced technology transfer and supply-chain growth for Indian electronics and EV industries, but the project is still in its early construction phase and faces the challenge of matching China’s scale and ecosystem.