India cancels auction of 3 critical mineral blocks, including a lithium mine, due to insufficient bids.
India's government canceled the auction of three critical mineral blocks, including a lithium mine in Jammu and Kashmir, due to insufficient bids. This is the third consecutive time the government has canceled a mineral block auction due to a lack of interest from bidders. The government aims to encourage the exploration and exploitation of these critical minerals to reduce reliance on imports and support the transition to cleaner energy alternatives.
July 28, 2024
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