India to tweak rules to allow lithium auctions

Titanium Media App reported on May 27 that according to market sources, India is considering revising the regulations on mineral auctions to facilitate the sale of mining rights for newly discovered lithium mines. The draft revisions will define the methodology for estimating resource values. India’s mines ministry aims to finalize a rule amendment by July following consultations with stakeholders, the sources said. India aims to have mines operational within the next 2-3 years to support the EV industry.