With this, the exercise of rationalising royalty rates for all 24 critical and strategic minerals is complete, an official statement said. The centre had notified the royalty rate of four critical minerals - Glauconite, Potash, Molybdenum and Platinum Group of Minerals - on in March 2022. Royalty rates for Lithium, Niobium and Rare Earth Elements was approved during October 2023.
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