The Geological Survey of India announced that for the first time in India, 5.9 million tonnes inferred resources (G3) of Lithium has been found in Salal-Haimana area of Reasi district of Jammu and Kashmir.
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India experienced its first ever excavation of Lithium in Reasi district of Jammu & Kashmir. The metal essential for batteries used in mobile phones, laptops and electric vehicles is found in large 5.9 million tonnes of inferred resources (G3).
As per the current rate of carbon emissions, at least 2 billion (200 crores) EVs would be required. According to the World Economic Forum (WEF), there could be a lithium shortage as early as 2025. With this scenario, India’s discovery of a massive reserve now sparks hope for the country
The Ministry of Mines stated that 51 mineral blocks including Lithium and Gold were handed over to respective state governments. Out of these 51 mineral blocks, 5 blocks pertain to gold and other blocks pertain to commodities like potash, molybdenum, base metals etc., which is spread across 11 states of Jammu and Kashmir, Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Rajasthan and Karnataka.
As the central government has set the target for electric vehicle (EVs) units to cross annual sales of 17mn by 2030, this excavation could be a game changer in production and usage of electric vehicles. It will further help the manufacturing of batteries locally and will make the end product more affordable for the mass market, setting up the country up as a potential exporter, tapping into surging global demand.
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