India, Nov. 13 -- The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the rationalisation and specification of royalty rates for four critical minerals — Graphite, Caesium, Rubidium, and Zirconium — in a move aimed at promoting the exploration and production of minerals essential for India's green energy transition.
Under the new structure, the royalty rates are as follows:
Caesium: 2% of the Average Sale Price (ASP) of caesium metal chargeable on the caesium metal contained in the ore produced.
Graphite: 2% of ASP (ad valorem) for grades with 80% or more fixed carbon, and 4% of ASP (ad valorem) for grades with less than 80% fixed carbon.
Rubidium: 2% of ASP of rubidium metal chargeable on the rubid...