Cabinet nod to 3% royalty rate for lithium, niobium mining
Cabinet also clears 1% royalty rate for REEs; these minerals have gained significance in view of India’s net-zero emissions target
Cabinet also clears 1% royalty rate for REEs; these minerals have gained significance in view of India’s net-zero emissions target
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.
GSI had recently found 5.9 MT of lithium in the Salal-Haimana area of Jammu & Kashmir; these reserves will immensely help India cut dependence on China
Lithium-ion batteries used in hybrid and electric vehicles saw import prices rising to $1,791 million for 5,486 lakh units during April-November 2022 period.
The finding is in the G3 category of initial assessment, which means more research and studies are required to reach the final conclusion.
Princess Aaliya of Balasinor has put the indigenous dinosaurs of Gujarat on the world paleontological map with a museum she helped establish.