Rates

Cabinet Agrees to New Royalty Rates For Critical Minerals

Cabinet Agrees to New Royalty Rates For Critical Minerals

India aims to reduce import dependence and vulnerabilities in the supply chain of critical minerals. The Union Cabinet approved on Wednesday, 12 November, the rationalisation of royalty rates of graphite, caesium, rubidium, and zirconium.  According to the rationalisation structure, the royalty was previously sought on a per-tonne basis for graphite (i.e., a fixed amount for…