Four critical mineral stocks with strong growth plans
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LiveMint highlights four critical mineral stocks with strong growth plans amid India's push to build a domestic critical minerals ecosystem. Midwest, India's largest granite exporter, is expanding into ultra-high-purity quartz for semiconductors, solar glass raw materials (targeting 11-13% of India's import needs), heavy mineral sand mining in Sri Lanka, and titanium slag production, with a goal to grow revenue 2.5x in 2-3 years. Sterling Tools, India's second-largest high-tensile cold-forged fastener maker serving auto OEMs, is positioned as a proxy play on the rare earth theme. Companies are pursuing mining, processing, and overseas acquisitions to secure lithium, rare earths, graphite, and nickel supplies critical for EVs, renewables, semiconductors, and defence.