India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on Wednesday.
China is a top global producer of 30 of the 50 minerals considered critical by the U.S. Geological Survey, but has been curtailing exports recently amid trade tensions with the United States.
India in November launched the first tranche of an auction of 13 offshore deep-sea mineral blocks, including three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks.
The blocks contain critical minerals including cobalt, copper, manganese, and nickel.
An initial bid deadline of February 27 was bumped to April 2 and has been extended again, the ministry spokesperson confirmed.
"We have received queries from companies that want to study the blocks and have asked for time," a source told Reuters, declining to be identified as they were not authorised to speak to the media.
Another source said the move was aimed at encouraging wider participation from potential bidders.
Opposition parties have called for the auction to be cancelled citing risks to the environment and local media have reported protests led by fishermen in the southern state of Kerala.
Earlier this month, the mines minister in a written reply to parliament said the ministry had consulted the environment ministry, department of fisheries and others before launching the auction.
India currently lacks the seabed mining expertise to extract minerals, experts say.
Some Indian mining and cement companies have approached Dutch shipbuilder Royal IHC for technical assistance as they prepare to bid for deep-sea blocks, Reuters reported last month.
New Delhi has also had limited success in its onshore critical minerals auction, with only about half of the 48 blocks awarded to bidders.
Yet India is keen to accelerate seabed mineral exploration to boost the supply of raw materials critical for its energy transition.
The world's third-largest emitter of greenhouse gases, it aims to add 500 gigawatts (GW) of renewable energy by 2030, up from 165 GW currently, while aiming for net zero emissions by 2070.
China is a top global producer of 30 of the 50 minerals considered critical by the U.S. Geological Survey, but has been curtailing exports recently amid trade tensions with the United States.
India in November launched the first tranche of an auction of 13 offshore deep-sea mineral blocks, including three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks.
The blocks contain critical minerals including cobalt, copper, manganese, and nickel.
An initial bid deadline of February 27 was bumped to April 2 and has been extended again, the ministry spokesperson confirmed.
"We have received queries from companies that want to study the blocks and have asked for time," a source told Reuters, declining to be identified as they were not authorised to speak to the media.
Another source said the move was aimed at encouraging wider participation from potential bidders.
Opposition parties have called for the auction to be cancelled citing risks to the environment and local media have reported protests led by fishermen in the southern state of Kerala.
Earlier this month, the mines minister in a written reply to parliament said the ministry had consulted the environment ministry, department of fisheries and others before launching the auction.
India currently lacks the seabed mining expertise to extract minerals, experts say.
Some Indian mining and cement companies have approached Dutch shipbuilder Royal IHC for technical assistance as they prepare to bid for deep-sea blocks, Reuters reported last month.
New Delhi has also had limited success in its onshore critical minerals auction, with only about half of the 48 blocks awarded to bidders.
Yet India is keen to accelerate seabed mineral exploration to boost the supply of raw materials critical for its energy transition.
The world's third-largest emitter of greenhouse gases, it aims to add 500 gigawatts (GW) of renewable energy by 2030, up from 165 GW currently, while aiming for net zero emissions by 2070.
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