The Centre has approved an amendment to a key law in order to specify competitive royalty rates for the mining of three strategically significant minerals — lithium, niobium, and rare earth elements (REEs). The decision comes after the government removed six minerals, including lithium and niobium, from the list of ‘specified’ atomic minerals, which could set the stage for participation of the private sector through the auctioning concessions for these minerals.

How new royalty rates for strategic minerals lithium, REEs can help cut their imports comes via ChinaTechNews.com.