Icra, a promiment credit rating agency, on Wednesday said benefits from the 38 critical mineral blocks that have been put on sale are not likely to accrue.
Icra reported that benefits from the 38 critical mineral blocks on sale may not materialize by 2030 due to incomplete exploration. India s downstream manufacturing could face supply shocks. The government is auctioning lithium blocks in J&K and Chhattisgarh, with challenges in extracting lithium from clay deposits. Overseas acquisitions are also being considered.
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