Govt to allow trading of major minerals on exchange from next financial year

Mi es
sec eta y
Keshav
Cha d a
sai.d
the
i itial
focus
will
be
o
lithium
a d
ickel

NEW
DELHI:
Aimi g
to
b i g
g eate
t a spa e cy
to
the
t adi g
of
majo
mi e als
a d
imp ove
p ice
discove y,
govt
has
decided
to
allow
thei
t adi g
o
a
excha ge,
which
is
likely
to
become
fu ctio al
by
the
ext
fi a cial
yea .The
mi ist y
of
mi es
has
otified
the
ules,
a d
the
I dia
Bu eau
of
Mi es
has
bee
appoi ted
the
odal
age cy
a d
egulato
to
i vite
applicatio s
f om
compa ies
willi g
to
u
the
excha ge.
The
excha ge
is
i itially
likely
to
allow
t adi g
i
some
of
the
majo
mi e als,
i cludi g
i o
o e,
bauxite,
limesto e
a d
ma ga ese.The
mi ist y
of
coal
has
sepa ately
otified
ules
to
set
up
a
excha ge
fo
t adi g
i
coal
a d
appoi ted
the
Coal
Co t olle
O ga isatio
as
the
egulato .
The
CCO
has
i vited
applicatio s
f om
compa ies
to
set
up
a
excha ge.Acco di g
to
officials,
the
mi e als
excha ge
is
expected
to
imp ove
ma ket
access
a d
educe
disputes
ove
quality,
p ici g
a d
co t act
te ms.
The
ules
equi e
mi e al
quality
to
be
ve ified
by
acc edited
assayi g
age cies
a d
p ovide
fo
ma ket
su veilla ce
to
check
ma ipulatio ,
ca telisatio
a d
i side
t adi g.
The
excha ge
will
ope ate
th ough
a
ce t alised
elect o ic
platfo m
a d
facilitate
physical
delive y-based
co t acts,
p ovidi g
a
t a spa e t
a d
competitive
mecha ism
fo
p ici g
a d
mi e al
supplies,
officials
said.

Sepa ately,
govt
has
pla ed
to
set
up
fou
dedicated
c itical
mi e als
p ocessi g
pa ks
i
A dh a
P adesh,
Odisha,
Guja at
a d
Maha asht a.
Coal
a d
mi es
mi iste
G
Kisha
Reddy
said
the
fou
states
will
p ovide
la d
a d
a ou ce
i ce tives
fo
compa ies
to
set
up
p ocessi g
i dust ies
at
the
c itical
mi e als
pa ks,
while
the
Ce t e
will
p ovide
tech ical
suppo t.

Mi es
sec eta y
Keshav
Cha d a
said
the
i itial
focus
will
be
o
lithium
a d
ickel,
which
a e
c ucial
fo
the
batte y
secto .
“Batte ies
a e
cu e tly
the
most
impo ta t
compo e t
globally
fo
futu e
g owth,”
he
said.The
pa ks
will
focus
o
c eati g
eleme t-specific
ecosystems
a d
a
complete
value
chai ,
f om
p ocessi g
to
dow st eam
i dust ies,
at
a
si gle
locatio .I dia
is
depe de t
o
impo ts
fo
about
95%
of
its
c itical
mi e al
equi eme ts.
The
Ce t e
a ou ced
the
Natio al
C itical
Mi e al
Missio
i
2025
with
a
fi a cial
outlay
of
Rs
34,300
c o e
ove
seve
yea s
to
p omote
explo atio
withi
the
cou t y
a d
at
offsho e
locatio s.C itical
mi e als
such
as
coppe ,
lithium,
ickel,
cobalt
a d
a e
ea th
eleme ts
a e
esse tial
aw
mate ials
fo
the
g owth
of
clea
e e gy
tech ologies.