Govt to invite bids for 20 critical mineral blocks in next two weeks

PTI Updated - November 14, 2023 at 03:06 PM.
lithium in periodic table | Photo Credit: enot-poloskun

The Government will invite bids for 20 critical mineral blocks in next two weeks, a top official said on Tuesday.

The 20 critical blocks include lithium and graphite mines, Mines Secretary V L Kantha Rao told reporters.

Last month, the Centre had approved royalty rates of three per cent each for lithium and niobium and one per cent for Rare Earth Elements (REEs).

Critical minerals have become important for the nation's economic development and national security.

Lithium and REEs have gained significance keeping in mind the country's commitment towards energy transition and achieving net-zero emission by 2070.

Published on November 14, 2023 09:36

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.