Cabinet approves royalty rates for mining of 12 critical minerals
The government has now decided to specify a reasonable royalty rate of 2-4% on these minerals.
cobalt
February 2024
January 2024
November 2023
October 2023
December 2022
Budget 2024: Start-ups bat for GST cut on lithium-ion battery waste
Battery recycling startup Lohum expects the government to reduce the goods and services tax (GST) on waste lithium-ion batteries from 18% to 5%.
Govt to auction strategic mineral blocks tomorrow
The concentration of extraction or processing of such minerals in a few countries may lead to supply chain vulnerabilities, says Ministry of Mines.
India’s Quest For Rare Minerals
Country takes steps to secure supplies of strategic lithium, cobalt, nickel, molybdenum, vanadium and light rare earth elements. But it promises to be a long and arduous journey.
Battery raw material shortages can derail EV sales and carbon offset plans
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium.
Vital minerals, metals for clean energy dominated by one country—China: IEA
China accounts for 58% of Lithium processing which is key to new battery solutions.
