New Delhi: In a move to accelerate its clean energy ambitions, India has introduced amendments to the regulations governing commercial lithium mining.
The Union Cabinet has approved these changes to the Mines and Minerals (Development and Regulation) Act, 1957, allowing the extraction of lithium and other crucial minerals like beryllium, titanium, niobium, tantalum, and zirconium.
The availability of these minerals is essential for the production of clean energy technologies such as mobile phones, electric vehicles, solar panels, semiconductors, and wind turbines.
An official familiar with the matter informed The Hindu Businessline that the government plans to auction mineral blocks containing these critical resources. Once the amendments receive parliamentary clearance, companies will be able to obtain a single exploration license through these auctions, promoting private investment in the sector.
source: The Wire
