India moves to boost critical minerals production! Cabinet approves rationalization of royalty rates; to counter China's monopoly & export restrictions
The Union Cabinet has approved rationalization of royalty rates for critical minerals including graphite, caesium, rubidium, and zirconium, aiming to boost domestic production. This strategic move seeks to reduce India’s import dependency, strengthen supply chains, and counter China’s export restrictions, reinforcing India’s position in the global critical minerals market.