India has made a major discovery of 5.9 million tonnes of Lithium in the state of Jammu & Kashmir making India 7th largest resource of lithium in the world. Bolivia has the highest lithium resource globally, followed by Chile, India, Australia, Argentina, China, the United States, and Canada.
This discovery is a major breakthrough for the country as it has heavily depended on imports from Australia and Argentina for its lithium requirements.
The estimated value of this discovery is estimated to be over INR 50,000 crore. The amount of discovered lithium is reportedly enough to power a large number of electric vehicles in India.
The Geological Survey of India has made a groundbreaking discovery, with the first-ever establishment of Lithium inferred resources (G3) in the Salal-Haimana area of the Reasi district of Jammu and Kashmir. This area is located 650km north of India’s national capital, New Delhi.
The Lithium deposits found in this region are extremely valuable to India, as the country is looking to shift its focus from both public and private transport to electric mobility, particularly in its prominent cities such as New Delhi, Mumbai, Bangalore, Kolkata, and Chennai.
The Lithium deposits are estimated to be 5.9 million tonnes, a significant quantity that could have a large impact on India’s electric mobility goals.
This discovery comes at a critical time for India, as the nation has set an ambitious goal of increasing the number of electric vehicles on the road by 30% by the year 2030. This discovery is likely to give a major boost to the Indian government’s effort to promote electric vehicles in the country.
The discovery of Lithium in Jammu & Kashmir is likely to make India more self-reliant and reduce its dependence on imports. It also has the potential to make India a major player in the global lithium market.
Experts have hailed this discovery as a major breakthrough for India. They have said that it has the potential to make India a major player in the global lithium market.
The Indian government has already taken steps to increase the use of electric vehicles in India. Now, with the discovery of 5.9 million tonnes of lithium, the government is likely to accelerate its efforts to promote electric vehicles in the country.
Lithium’s importance, demands, and significance
Lithium is a soft, silvery-white alkali metal element with atomic number 3. It is an essential component of many products, including batteries, lubricants, pharmaceuticals, and glass.
Lithium is the lightest of all metals and has the highest electrochemical potential of any element. This makes it a highly sought-after material for batteries, as it can store large amounts of energy in a relatively small package.
The demand for lithium has increased dramatically over the past few years as the world has shifted to a more digital and mobile lifestyle. Lithium-ion batteries are used in a wide range of electronic devices, from laptop computers and cell phones to electric cars and drones.
The growth in electric vehicles has also led to an increased demand for lithium, as these vehicles require large amounts of energy to power them.
The significance of lithium is that it is a key component of many important technologies, such as batteries and pharmaceuticals. It is also used in a variety of industrial applications, such as glass manufacturing and metallurgy. Lithium is a crucial resource in the global economy and its importance is only likely to increase in the future.