Metals & Minerals

Ukrainian President Volodymyr Zelenskyy says he directed his ministers not to sign off on a proposed agreement to give the United States access to Ukraine's rare earth minerals because the document was too focused on US interests. The proposal, which was at the centre of Zelenskyy's talks with US Vice President JD Vance on the sidelines of the Munich Security Conference on Friday, did not offer any specific security guarantees in return, according to one current and one former senior official familiar with the talks. Zelenskyy's decision to reject a deal, at least for now, was described as short-sighted by a senior White House official. I didn't let the ministers sign a relevant agreement because in my view it is not ready to protect us, our interest, Zelenskyy told The Associated Press on Saturday in Munich. The proposal focused on how the US could use Kyiv's rare earth minerals as compensation for support already given to Ukraine by the Biden administration and as payment for fut

The government on Saturday said it will launch a policy for recovery of critical minerals from tailings or by-products of mining. In her Budget speech, Union Finance Minister Nirmala Sitharaman also said mining sector reforms, including those for minor minerals, will be encouraged through the sharing of best practices and the institution of a State Mining Index. She said, "A policy for recovery of critical minerals from tailings will be brought out." Sitharaman tabled the Union Budget in the Lok Sabha on Saturday. Additionally, the finance minister announced the removal of import duty on 12 critical minerals, cobalt powder and waste, lithium-ion battery scrap, lead and zinc. The move, she said, would facilitate securing their availability for manufacturing in India and promote more jobs. In the last budget, the government had scrapped customs duty on 25 critical minerals that are not available in the domestic market. She had also reduced basic customs duty on two other such mine

India is set to kick off a national mission for the critical and strategic minerals sector as the country looks to propel its journey towards green energy transition and boost electric vehicle manufacturing capacity. While much of 2024 was spent in doing ground work, the next is poised to be a landmark year for India's mineral and mining sector. As the world races to secure vital minerals for renewable energy and emerging technologies, India gears up to take the centre stage with the launch of its much-touted Critical Mineral Mission in 2025. This mission, a bold and collaborative effort, will unite ministries, industries, R&D institutions, and global think tanks in a shared vision to secure a sustainable supply of the minerals that power tomorrow's world. With a series of high-profile roadshows abroad along with plans to acquire critical mineral assets in Australia, India is set to woo international investors and make its mark on the global mining map. Mines Secretary V L Kantha .

Offers include sand blocks in Kollam, lime mud in Porbandar, and polymetallic reserves near Great Nicobar Island

Says it has been declared the "preferred bidder" for the Dugocha Gold Block, as confirmed by the Department of Mines and Geology, Rajasthan, via a notification dated November 15

Of the six announced discoveries so far in FY25, one has been monetised so far

AvanStrate has operations and R&D capabilities across Taiwan, South Korea, and Japan

The latest awards follow a second-round auction held after the initial round failed to attract sufficient interest, as the government mandates at least three technically qualified bids per block

The Act has established ad valorem royalty rates for key minerals, meaning that rates are based on the mineral's sale value rather than quantity

India remains highly dependent on imports for minerals critical to accelerating its energy transition, with a full reliance on shipping in lithium, cobalt and nickel, according to a report released Monday. The report, published by the Institute for Energy Economics and Financial Analysis (IEEFA), said that India's demand for critical minerals is expected to more than double by 2030, while domestic mining operations may take over a decade to start producing. It stresses that India needs a carefully crafted import strategy to mitigate potential trade risks while balancing international relationships to secure these essential minerals. IEEFA's report examines five critical minerals (and their compounds) cobalt, copper, graphite, lithium and nickel from the perspectives of import dependency, trade dynamics, domestic availability, and global price fluctuations. The findings show that India remains largely import-dependent for these minerals and their compounds, with 100 per cent impor

The volume of mined metal for Q2FY25 stood at 256 kilo tonnes or kt (up 2 per cent Y-o-Y, down 2 per cent Q-o-Q), due to higher ore production at Zawar mine offset by lower volume at SK Mine

Creating a responsive enabling environment for the critical mineral mining industry is the key to ensuring that this vital business does not go the way of previous governments' oil exploration policy

India's zinc consumption is estimated to increase to over 2 million tonnes in the next 10 years from the current 1.1 million tonnes, International Zinc Association (IZA) said on Thursday. Speaking on the sidelines of Zinc College, 2024 event here, Andrew Green, Executive Director of IZA, said: "The zinc consumption and demand in India is 1.1 million tonnes (MT), which is higher than the current production in India. ...this is likely to go over 2 MT in the next 10 years. That's the forecast." Zinc College is organised every two years by the International Zinc Association in partnership with a member company. Hindustan Zinc Ltd is the partner of Zinc College 2024. He further said that the global zinc market is around 13.5 million tonnes per annum in terms of primary production. And one of the big differences is that if one looks at the per capita use of zinc, on the global average it's about four to five times higher than what's happening in India. So there are a number of areas wher

President Droupadi Murmu on Tuesday stressed upon the need to increase the focus on critical minerals for green transition. Critical minerals, including lithium, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. They are particularly in demand for the production of batteries for electric cars. Speaking during National Geoscience Awards function, Murmu said the Critical Minerals Mission can provide essential raw material for green transition. For sustainable development, she said, India is committed to net-zero emission. Murmu also said that for making India a developed nation by 2047, there is a need for self reliance on mineral production and mineral exploration. Union Coal and Mines Minister G Kishan Reddy said the government is focusing on making India self reliant in critical and strategic minerals. He further said that 14 critical mineral blocks have been put on sale. The government, he said, is giving priority to offsh

In FY25, the management expects capex of Rs 5,500-6,000 crore for India operations and capex of $1.4-2.1 billion for Novelis

Mining industry hit estimated at Rs 1.5 to Rs 2 trillion, companies to closely watch states for next move

The investment will be made through wholly owned subsidiary JSW Steel (Netherlands) BV

The Rules come ahead of the Centre's scheduled launch of the inaugural round of offshore mineral auctions

Coal and mines minister G Kishan Reddy on Thursday said that critical minerals have emerged as drivers of the modern economy and the Centre has ensured the country taps into this global opportunity through the launch of the National Critical Mineral Mission. Union Budget 2024-25 has proposed launching Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. Its mandate will include technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. Addressing the national seminar on challenges and opportunities in the mines and minerals sector organised by the Mining, Geological, Metallurgical Institute of India, Reddy said that the government has brought about a paradigm change in the coal and minerals sector, making it transparent and competitive. He elaborated on the government's extensive efforts over the past decade to harness this potential throu

China will also establish a information system to track circulation of rare earth products