India has officially launched its first-ever auction for exploration licenses pertaining to critical minerals, marking a significant milestone in the country’s efforts to bolster its mineral resource base. This initiative aims to enhance domestic exploration and production of essential minerals that are crucial for various industries, including technology, renewable energy, and electric vehicles. The auction is expected to attract investments and foster sustainable resource management, ultimately reducing dependence on imports. With a focus on critical minerals such as lithium, cobalt, and rare earth elements, this move aligns with India’s broader strategy to strengthen its mineral security and promote self-reliance in the face of global demand. By facilitating the exploration of these strategic resources, India is positioning itself to become a key player in the global supply chain for critical minerals, which are vital for powering the green technologies of the future. This step not only aims to support the country’s economic growth but also to contribute to global sustainability efforts.
India has officially launched its first-ever auction for exploration licenses pertaining to critical minerals, marking a significant milestone in the country’s efforts to bolster its mineral resource base
