Jammu and Kashmir fails to get lithium block bids for the second time
COAL & MINING

Jammu and Kashmir fails to get lithium block bids for the second time

India's Jammu and Kashmir has faced another setback in its efforts to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. Despite a second attempt to attract bids, no offers were received, indicating on-going challenges in developing these critical mineral resources.

Initially discovered in February 2023, these lithium reserves were first put up for auction in November, but the required minimum of three bids was not met. The block was re-auctioned in March with a deadline of May 14, but still failed to attract interest.

A source, speaking anonymously, mentioned that the block might now be handed over to a government agency for further exploration. This development comes as India focuses on securing critical minerals essential for electric vehicle batteries, both domestically and overseas.

The lack of interest has raised questions about the composition of the lithium deposit in Jammu and Kashmir. Last year, the Indian government identified 30 minerals, including lithium, nickel, titanium, vanadium, and tungsten, as crucial for its clean energy initiatives.

(Source: ET)

India's Jammu and Kashmir has faced another setback in its efforts to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. Despite a second attempt to attract bids, no offers were received, indicating on-going challenges in developing these critical mineral resources. Initially discovered in February 2023, these lithium reserves were first put up for auction in November, but the required minimum of three bids was not met. The block was re-auctioned in March with a deadline of May 14, but still failed to attract interest. A source, speaking anonymously, mentioned that the block might now be handed over to a government agency for further exploration. This development comes as India focuses on securing critical minerals essential for electric vehicle batteries, both domestically and overseas. The lack of interest has raised questions about the composition of the lithium deposit in Jammu and Kashmir. Last year, the Indian government identified 30 minerals, including lithium, nickel, titanium, vanadium, and tungsten, as crucial for its clean energy initiatives. (Source: ET)

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?