India cancels auction of key mineral blocks vital for clean energy due to low bidder interest.

The Indian government has canceled the auction of 11 critical mineral blocks due to low bidder interest, with four blocks receiving no bids. These minerals, including cobalt, copper, lithium, and rare earths, are vital for clean energy technologies. Despite the auction cancellation, India plans to launch its Critical Mineral Mission to boost domestic mining and secure resources, aiming for a 500% increase in mineral production by 2050 to meet growing clean energy demands.

3 months ago
8 Articles

Further Reading