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India approves lithium mining auction proposal, lifts ban on mining six minerals

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The Center has lifted the ban on mining lithium and five other minerals. Private companies will also be able to exploit the six minerals.

The central government has approved the auction proposal for lithium mining, CNBC Awaaz reported. Private companies will now be able to participate in lithium mining

Cabinet has approved the Amendment to the Mines and Minerals (Development and Regulation) Act (MMDR). The Center has lifted the ban on mining lithium and five other minerals. Private companies will also be able to exploit the six minerals.

Lithium is the lightest and softest metal in the world. The mineral converts the chemical energy it stores into electrical energy. Lithium is a non-ferrous metal and is one of the essential components of the batteries that power electric vehicles.

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