The Union Cabinet on Wednesday is learnt to have cleared the Amendment of the Mines and Minerals (Development and Regulation) Act 1957, which is able to enable the non-public sector to bid for mining essential minerals like lithium.
Sources conscious of developments mentioned that out of the record of essential minerals, a number of of them have been introduced beneath the proposed modification, which is able to enable their mining by the non-public entities.
In addition to this, the proposed modification can even enable the Central authorities to public sale these minerals whereas the royalty will go to states.The authorities is bullish on procuring essential minerals, particularly lithium, which is helpful for batteries, particularly for electrical automobiles.
Lithium is the lightest metallic and the least dense stable ingredient.
The ingredient’s excessive electrochemical potential makes it a helpful part of excessive energy-density rechargeable lithium-ion batteries.