Page 2 - Lithium

India to open its 1st lithium mines in Chhattisgarh after GSI confirmation

Lithium, one of the 23 proposed exploration projects, is considered crucial for producing lithium-ion batteries used in electric vehicles, which are in increasing demand

Centre to offer financial support to boost critical minerals sector growth

The focus of this initiative is to help find ways to develop extraction technology and better methods of beneficiation

Residents of Serbia's lithium-rich region pledge to block EU-backed mining

Zlatko Kokanovic does not want a lithium mine in his backyard and he will do anything he can to stop it from opening. All of us here, we are ready to lose our lives," the 48-year farmer told The Associated Press. "They can shoot. That is the only way they can open the mine. At stake is a lush farming valley in western Serbia that holds one of Europe's richest deposits of lithium, a precious metal that is used to make batteries for electric cars and is crucial for the global transition to green energy. Whether there should be a mine in the valley or not has become one of the most contentious issues in the Balkan nation, triggering protests by thousands of people in a challenge to the populist President Aleksandar Vucic. While the government insists the mine is an opportunity for economic development, critics say it would inflict irreparable pollution on the Jadar valley, along with underground water reserves, farm land and two small rivers that run through the valley. Thousands are

Govt scraps auction of 3 mineral blocks, including lithium mine in J-K

The government has scrapped the auction of three critical mineral blocks, including a lithium mine in Jammu and Kashmir, under the third tranche of sale of mines due to a lower-than-required number of bidders. The auction is a part of the government's push towards cleaner alternatives and self-reliance in critical mineral supplies. The three blocks are Salal-Haimna Lithium, Titanium and Bauxite (Aluminous Laterite) Block in Jammu and Kashmir, Muskaniya-Gareriatola-Barwari Potash block in Jharkhand and Kurunjakulam Graphite block in Tamil Nadu. The auction was annulled as the "required number of bids as per the mineral auction rules have not been received", according to a notice by the Mines Ministry. The ministry, on March 14, put on sale seven critical mineral blocks in the third round of auction. The blocks that received less than three bids in the first tranche were notified under this round. These seven blocks pertain to critical minerals such as Glauconite, Graphite, Nickel,

Budget 2024: FinMin announces Critical Mineral Mission; what we know so far

Union Budget 2024: Finance Minister Nirmala Sitharaman announced the government will soon conduct the first round of offshore mineral auction round under the Critical Mineral Mission

Customs duty exemption on lithium, cobalt to aid EV sector growth: Auto Inc

The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday. Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2024-25 proposed to fully exempt customs duties on 25 critical minerals and reduce Basic Customs Duty (BCD) on two of them. "This will provide a major fillip to the processing and refining of such minerals and help secure their availability for these strategic and important sectors," she noted. Minerals such as lithium, copper, cobalt and rare earth elements are critical for sectors like nuclear energy, renewable energy, space, defence, telecommunications, and high-tech electronics, Sitharaman stated. Auto industry body SIAM President Vinod Aggarwal said the exemption of customs duty on import of lithium, cobalt and other rare minerals and

India can be key partner in diversifying critical mineral supply chains: US

India has the potential to be a key partner in diversifying critical mineral supply chains globally, a senior US official has said at a conference that discussed the potential and opportunities to advance the respective clean energy agendas of the two countries. The one of its kind round table organised by the US-India Strategic Partnership Forum (USISPF) along with Silverado Policy Accelerator and Principal to Principal Strategies (P2P) discussed fortifying both nations' economic interests. The demand for key minerals, such as graphite, manganese, and lithium will continue to play a vital role in the electric vehicles (EV) space and will help India work towards its net zero vision in 2070, a statement said here. The bilateral US-India energy relationship is one of the most consequential in the world India has the potential to be a key partner in diversifying critical mineral supply chains globally, US Assistant Secretary of State for Energy Resources Geoffrey Pyatt said at an ...

J&K lithium block fails to secure bids in 2nd attempt as well: Report

The government in February 2023 found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million metric tons.

Argentina about to unleash four new projects to churn out lithium

So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca

China hits back at West's over-capacity allegations in EVs, batteries

Li also said on Tuesday that he was confident the world's second-largest economy would hit its full-year economic growth target of around 5 per cent

Mines ministry asks Coal India, NMDC to look for lithium mines overseas

Ministry will lead a delegation to Zambia in June and later to Congo to explore joint ventures in critical minerals

Khanij Bidesh India likely to acquire lithium asset in Australia in FY25

Khanij Bidesh India Ltd (KABIL) hopes to acquire a lithium block in Australia this year, a top official said on Saturday. KABIL, a joint venture of three PSUs to scout for mineral assets overseas, has been working in Australia for the last year, Mines secretary V L Kantha Rao said. "KABIL (Khanij Bidesh India Ltd) has the responsibility to look at other countries. We have to increase our efforts in Australia. We will have to ensure that during this financial year, we target one more asset," Rao said at the inauguration of the registered office of KABIL here. KABIL is owned by three public sector undertakings -- National Aluminium Company Ltd (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL). "I am hoping that it should be Australia because we have been working (there) for the last year," he explained. But unlike Argentina, Australia would be a bit costly so the paid-up capital of KABIL will have to be increased. KABIL has a paid-up capital of R

Govt considers offering incentives for lithium processing: Report

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

India seeks overseas help for lithium processing to avoid relying on China

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

India to send delegations to Chile seeking lithium and copper assets

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems

Here's why China's EV market and BYD show the future is already here

Battery metals such as lithium, nickel and cobalt are down by, respectively, 80%, 30%, and 25% over the past year

J-K's lithium reserve will be plundered, 'gifted' to firms by BJP: Mehbooba

PDP president Mehbooba Mufti on Sunday charged the lithium reserves in Jammu and Kashmir will be gifted to companies that will later donate a part of the "illicit proceeds" to the ruling party at the Centre. The former Jammu and Kashmir chief minister was reacting to a news report which said the government will again auction the lithium blocks in Jammu and Kashmir "Now J&Ks lithium reserves too are being plundered & gifted to dubious companies who will then donate a part of these illicit proceeds to the ruling party as 'party fund'," she charged in a post on X. The former chief minister also said that the "nexus between BJP and crony capitalists" explained why the Centre was not taking note of legitimate demands of Ladakhi people for inclusion under the Sixth Schedule of the Constitution. "Now that the nexus between BJP & crony capitalists stands exposed it offers the perfect explanation why GOI continues to ignore the legitimate demands of Ladakhis. Disturbing visuals of .

Jammu and Kashmir to auction third-tranche of lithium blocks again

The auction will take place again as the government received only two bids in the first round

NMDC exploring lithium assets, conducting negotiations in Africa, Australia

Additionally, NMDC is seeking lithium blocks from the Indian government on a nomination basis

CIL, Vedanta, Adani eye lithium mining rights in Chhattisgarh's Korba

In February 2023, the Geological Survey of India (GSI) discovered lithium in the Katghora tehsil of Korba district