India's green energy goals face challenges over reliance on imported critical minerals: ICRA Report
New Delhi: Concentration of critical minerals in certain geographic regions like China render global supply chains vulnerable to disruptions leading to increased price volatility. This poses significant challenges to India’s energy security due to its total reliance on imports of critical minerals like lithium, cobalt, and nickel, which are essential for the green technology transition needed to meet its net-zero commitments by 2070, rating agency ICRA noted in a report.
India to launch first-ever tranche of critical and strategic minerals auction on Wednesday
New Delhi: India's Ministry of Mines will launch the first tranche auction of critical and strategic minerals on Wednesday, an official press release said.
Ministry of Mines to auction 20 blocks of critical minerals in next two weeks
New Delhi: Mines Secretary V.L. Kantha Rao on Tuesday said that the Ministry of Mines is in the process of auctioning 20 blocks of critical minerals including lithium and graphite in the next two weeks.
Cabinet approves royalty rates for mining of Lithium, Niobium and Rare Earth Elements
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved the amendment to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957, also known as the MMDR Act, for specifying the rate of royalty in respect of three critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs), the Ministry of Mines said.
Govt to unveil 'List of Critical Minerals for India”
New Delhi: India will unveil its first-ever critical minerals mines list on Wednesday, the Ministry of Mines said.
India not reliant on China for rare earth minerals: Jitendra Singh
New Delhi/IBNS: Union Minister Jitendra Singh Wednesday said that India is not reliant on China for accessing rare earth minerals.
Kolkata/IBNS: Exploration and mining of critical minerals are at the core of India’s journey to net-zero by 2070 with 50 percent of its energy requirements from renewable energy, as the manufacture of green technologies for climate change mitigation requires minerals and metals, whose production is dominated by China, according to experts.
Kolkata/IBNS: Australia is India’s natural partner to reach its economic as well as clean energy goals as a supplier of critical minerals, said Catherine Gallagher, Australia’s Minister Commercial - South Asia.
Australia keen to supply critical minerals to India
Canberra/New Delhi/UNI: Australia has the potential to become a major supplier of critical minerals to India like titanium, vanadium and lithium, and supporting jobs, supply chains and innovation in both countries, according to a new report published by the Australian government.