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India Approves Private-Sector Mining of Rare Minerals

© AP Photo / Rick BowmerFILE - Refined tellurium is displayed at the Rio Tinto Kennecott refinery, May 11, 2022, in Magna, Utah.
FILE - Refined tellurium is displayed at the Rio Tinto Kennecott refinery, May 11, 2022, in Magna, Utah.  - Sputnik India, 1920, 12.07.2023
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The rare minerals are expected to help India achieve its goals for cleaner energy, telecommunications, transport, and defense technologies.
Delhi has amended the Mines and Minerals (Development and Regulation) Act, 1957, paving the way for private companies to mine rare minerals on Wednesday, Indian media reported.
The minerals include:
lithium;
beryllium;
titanium;
niobium;
tantalum;
zirconium.
These minerals are crucial in electric vehicle technologies, space tech, electronics, and communications, among other things.
As of now, no private companies in India are allowed to mine these minerals.
In January, the Geological Survey of India claimed to have found 5.9 million metric tons of lithium in Jammu and Kashmir, valued at around $410 billion.
A model poses as she sits inside a Lohia concept electric auto rickshaw at the Auto Expo in Greater Noida, near New Delhi, India, Thursday, Feb. 8, 2018. - Sputnik India, 1920, 16.02.2023
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