Mumbai, Nov. 13 -- The Union Cabinet has approved the rationalisation of royalty rates for four critical minerals essential for green energy applications and high-tech industries. The revised royalty rates for caesium is at 2% of average sale price on metal content, graphite at 2-4% on ad valorem basis depending on carbon content, rubidium at 2% on metal content contained in the ore produced, and zirconium at 1% on metal content.

The decision of the Union Cabinet will promote auction of mineral blocks containing Caesium, Rubidium and Zirconium thereby not only unlocking these minerals but also associated critical minerals found with them, such as Lithium, Tungsten, REES, Niobium etc. Fixing of royalty rates of Graphite on ad valorem basi...