
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.
The concentration of extraction or processing of such minerals in a few countries may lead to supply chain vulnerabilities, says Ministry of Mines.
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.
One of the major reforms proposed in the Bill is the removal of "lithium-bearing minerals" from a prohibited list.
Gujarat gigafactory will ensure 'political de-risking' and control of the whole supply chain, says Tata Motors
GSI says it's carrying out exploration for "tungsten, lithium, and associated rare metals" in Nagour, Rajasthan, but drilling work is still on
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.
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.
China accounts for 58% of Lithium processing which is key to new battery solutions.