Consider the following statements:

  1. In India, monazite and thorium are the principal source of rare earths elements
  2. India is self sufficient in Rare Earth elements

Which among the above statements is / are correct?

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct

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