The Indian government is reported to be considering setting the concession rate for lithium mining at 3% of the LME price.

The Indian government is considering setting the concession rate for lithium mining at 3 per cent of the LME price. The Indian government is considering setting the concession rate for lithium mining at 3 per cent of the current London Metal Exchange (LME) price. The Indian government is expected to auction the newly discovered lithium mines later this year, with estimated reserves of 5.9 million tons. At least a dozen Indian and foreign companies, such as Adani, Vedanta, Reliance Industries, Jinda Steel Power and South Korea's LX International, the former LG trading house, are likely to participate in the auction, the person said.