Lithium Deposits found in India according to GSI. GSI means Geological Survey of India says 5.9 Million Tonnes Lithium deposits already exist in Jammu & Kashmir, Salal-Haimana area of Reasi district.
India currently depend on other countries for Lithium mining. Chile, Argentina and China are largest Lithium miners in the world.
China, meanwhile, controled 66 percent of the world’s capacity for processing raw lithium products into batteries. Some estimates say that China’s dominance will increase day by day. lithium-ion batteries could be as high as 80 percent till 2050 in china.
Currently the world moves away from gasoline-fueled combustion engines to electric vehilces due to this the demand for lithium, nickel, cobalt and other metals that go into lithium-ion batteries is soaring.
Why Lithium will be Game Changer For India ?
A lithium-ion battery is a type of rechargeable battery which is use for the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles.
Electric Sector will out perform in future. Electric vehicle is beneficial for environment because it produce zero carbon emission. Lithium is key element for electric vehicle batteries.
Lithium is used not only in EVs but also in batteries for gadgets like laptops, TVs and mobile phones. It has also found application in the glass and ceramics industries.
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Why the discovery is a big deal for India?
India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans.
Earlier, the mines ministry had said that to strengthen the critical mineral supply chain for emerging technologies, the government is taking several proactive measures to secure minerals, including lithium, from Australia and Argentina.
Currently, India is import-dependent for many minerals like lithium, nickel and cobalt. Mainly Chile is biggest Lithium reserve in world.
Fifty percent of the deposits are concentrated in three South American countries – Argentina, Bolivia, and Chile. Thus, these lithium reserves become a big deal for India as it will help expand its penetration of EVs in the coming years.
Speaking at a Central Geological Programming board meeting on Thursday, Mines Secretary Vivek Bharadwaj said that whether it is a mobile phone or a solar panel, critical minerals are required everywhere.
In order to become self-reliant, it is very important for the country to find out critical minerals and also process it, he added.