November 12, 2025 10:19 PM
Cabinet approves rationalisation of royalty rates for key minerals critical to green energy transition
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the rationalisation of royalty rates for Graphite, Caesium, Rubidium, and Zirconium — minerals that play a vital role in high-tech applications and India’s green energy transition. As per the decision, the royalty rate for Caesium and Rubidium has been fixed at 2 percent of the average sale price (ASP) of the metal contained in the ore produced. For Zirconium, the rate will be 1 percent of ASP, while for Graphit...