Scientists detect a lithium plume 100km above Earth and trace it to a returning SpaceX Falcon 9 rocket stage, raising new questions about atmospheric pollution.
India is holding confidential talks with Brazil, Canada, France and the Netherlands to secure lithium and rare earth supplies, aiming to diversify critical mineral sources and reduce dependence on China.
Lower royalty rates may attract bidders for critical mineral blocks, but without domestic refining capacity, India’s clean-energy and electronics supply chains will remain import-dependent, say industry experts.
Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.
The bill may also enable the National Mineral Exploration Trust to use its funds for mine development, apart from exploration in India as well as overseas.
Defence and aerospace are other new areas where Australia is interested in collaborating with India, Australia’s trade and investment commissioner Nathan Davis told Moneycontrol.
Both sides discussed expanding cooperation in the mining sector, particularly in lithium exploration and investment opportunities, the Ministry of Mines said in a statement.
India can become self-reliant in cell manufacturing if lithium remains in the country through recycling and is reused in batteries, Vijay Mittal, joint secretary, ministry of heavy industries, has said
The statement followed a meeting between Chinese President Xi Jinping and Indonesian President Prabowo Subianto, who is visiting China through November 10, the first country he has visited since taking office last month.
Earlier, the government cancelled the auction of 14 blocks of critical minerals launched in the second tranche.
Industry players reckon that the move by the Finance Minister is pivotal and will substantially lower the production costs of battery cells, directly translating into more affordable electric vehicles (EVs) for consumers
India is heavily dependent on imports for most of the critical minerals, with a few exceptions like copper, gallium, graphite, cadmium, phosphorus, potash and titanium
The government received 56 physical bids and 56 online bids for 18 of the 20 blocks offered during the first tranche of the auction, which began on November 29, 2023
Lithium is the most important mineral for the energy transition, a fundamental component of lithium-ion batteries, which power electric vehicles and battery energy storage systems
Companies including SoftBank-backed e-scooter maker Ola Electric, and miner Vedanta Ltd and Jindal Power are among those bidding for critical minerals blocks, which include lithium
New Delhi is in the process of auctioning its first mining rights to lithium blocks, which were discovered last year in the Jammu and Kashmir region and the states of Chhattisgarh
VL Kantha Rao, a secretary in the mines ministry told Financial Times that another 20-30 blocks will be up for auction after the completion of the ongoing Lok Sabha elections.
Prices have bottomed out but have struggled to meaningfully rebound, partly because miners, refiners and carmakers are still working through a mound of surplus stock clogging up the supply chain.
Lithium, often referred to as "white gold" due to its market value and silver colour, is one of the most sought-after minerals globally due to its high energy density feature and longer life span
A surge in demand for lithium, driven by the energy transition, particularly for electric vehicles and various other rechargeable battery products, is piling pressure on the governments to secure a larger share of the lithium resources
The ministry is now launching a third auction for the seven blocks consisting of critical minerals such as Glauconite, Graphite, Nickel, PGE, Potash, Lithium, and Titanium.
There plans to cut Chinese dependency are coming nearly a decade too late. If rich democracies wanted to build a clean-energy industry free of Beijing’s influence, they should have had their checkbooks out when miners and processors were starved of cash during the 2010s. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick
The mineral blocks which were put for auction include graphite, vanadium, nickel, rare earth elements, PGE, cobalt etc.
The company is looking to use its mining expertise to enter the exploration space of critical minerals, Pai tells Moneycontrol.
From US-complied AI chips for Chinese gamers to lithium leeway for EV makers, and Shell list of bidders to Janet Yellen's bid to allay fears over rising US joblessness, here's a look into the world of business and economics