{"id":580933,"date":"2023-06-01T09:32:47","date_gmt":"2023-06-01T04:02:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=580933"},"modified":"2023-06-01T10:02:15","modified_gmt":"2023-06-01T04:32:15","slug":"india-plans-to-link-prices-of-domestic-lithium-with-london-metal-exchange","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-plans-to-link-prices-of-domestic-lithium-with-london-metal-exchange\/","title":{"rendered":"India plans to link prices of domestic lithium with London Metal Exchange"},"content":{"rendered":"<p>India is planning to link the price of domestic lithium to the weekly prices of lithium hydroxide monohydrate published by the London Metal Exchange (LME), according to a report in The Economic Times (ET). Currently, there is no uniform criterion for estimating the value of lithium or rare earth elements (REEs) found in the country. <\/p>\n<p>The move to peg the prices comes after the Geological Survey of India (GSI) explored the blocks of REEs and lithium in the country. <\/p>\n<p>Bidding for these blocks cannot be conducted currently without uniform standards, as the revenue distributed to states from mining is linked to the average sale price (ASP) of a metal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is planning to link the price of domestic lithium to the weekly prices of lithium hydroxide monohydrate published by the London Metal Exchange (LME), according to a report in The Economic Times (ET). Currently, there is no uniform criterion for estimating the value of lithium or rare earth elements (REEs) found in the country. The move to peg the prices comes after the Geological Survey of India (GSI) explored the blocks of REEs and lithium in the country. Bidding for these blocks cannot be conducted currently without uniform standards, as the revenue distributed to states from mining is linked [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-580933","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/580933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=580933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/580933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=580933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=580933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=580933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}