New Delhi: The Centre on Wednesday approved royalty rate for lithium, niobium, and for Rare Earth Elements. For lithium and nobium a royalty rate of 3% each has been fixed, while for Rare Earth Elements, the rate has been set at 1%. "The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved amendment of Second Schedule of the …
The 41st element in the periodic table, Niobium is a superconductor that is finding new uses in a range of electro-mobility solutions and its traditional use of making steel tougher and stronger is also finding acceptability in making frames and chassis in mobility solutions. The Brazilian company CBMM, the world’s largest producer of Niobium and its derivatives, has worked with …
— The company working to build a mine in southeast Nebraska to extract a rare element used to make steel lighter and stronger said Tuesday that it may also be able to produce some of the key ingredients needed to make the powerful magnets used in electric vehicles and other high-tech products. Being able to produce those sought-after elements along …
