The Indian government has launched its first-ever auction for critical and strategic minerals, crucial for technologies like electric vehicles and renewable energy systems. The initial tranche includes 20 blocks, with the first six awarded for exploration and mining.
Source:- India today
These blocks are distributed across states such as Bihar, Odisha, and Tamil Nadu, and include minerals like lithium, nickel, and graphite
The auction aims to reduce India’s dependency on imports for these vital resources, which are essential for achieving its net-zero emissions goal by 2070. The blocks include significant reserves, such as a 5.9-million-tonne lithium deposit in Jammu & Kashmir
Source:- BBC news
With 21 more blocks set to be offered soon, this move is part of India’s broader strategy to secure its mineral supply chain and foster economic self-reliance
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