The approval of royalty rates clears the way for the government to auction lithium, niobium and RRE blocks for the first time. These minerals have a wide range of uses including in batteries, electronics and aerospace.
Critical minerals are increasingly playing a crucial role in economic development and energy security. Their importance has surged as India pursues an aggressive energy transition plan that aims to achieve net-zero emissions by 2070. Promoting domestic mining would reduce reliance on imports and stimulate the establishment of related industries and infrastructure projects and also fostering jobs within the mining sector.
Esta historia es de la edición October 12, 2023 de Mint Mumbai.
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