Centre approves rationalization of royalty rates for critical minerals to boost domestic production
NEW DELHI: In a bid to accelerate the domestic production of rare earth and critical minerals, the Centre has approved the rationalization of royalty rates for graphite, caesium, rubidium, and zirconium—minerals that are essential for high-tech industries and green energy technologies.
Graphite, caesium, rubidium, and zirconium are vital for advanced technological applications and the ongoing global energy transition. Notably, graphite and zirconium are among the 24 critical and strategic minerals listed in the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act).
