Cabinet revises royalty for four critical minerals to boost mining
India's cabinet has approved increased royalty rates for graphite, zirconium, caesium, and rubidium to boost domestic mining and production. This move aims to enhance energy and supply chain security amidst a global scramble for critical minerals. The new ad valorem royalty structure, particularly for graphite, is expected to unlock significant mineral resources, including associated critical minerals like lithium.
India's cabinet has approved increased royalty rates for graphite, zirconium, caesium, and rubidium to boost domestic mining and production. This move aims to enhance energy and supply chain security amidst a global scramble for critical minerals. The new ad valorem royalty structure, particularly for graphite, is expected to unlock significant mineral resources, including associated critical minerals like lithium.
