Summary:

India plans to establish research institutions to support miners and expand its critical minerals industry, aiming to reduce dependence on lithium and rare earth imports essential for energy technology. Despite these efforts, developing the mining sector has proven challenging. For instance, although a lithium block in Chhattisgarh received development rights in June, an auction in Jammu and Kashmir failed due to low mineral concentrations and high extraction costs.

The government plans to invest about $50 million to advance mineral extraction and beneficiation by funding collaborations between academic institutions and businesses. The Ministry of Mines has reached out to CSIR-NIIST and five other institutes for assistance with critical mineral extraction processes. Joint proposals will be invited, with approved projects receiving up to 75% of the funding. The Ministry and NIIST have not yet responded.

Source: IBEF

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