Lithium is the key component in manufacturing of EV batteries.
As of now, total lithium resources with China are 5.1 MT and with the USA 7.9 MT. The Jammu & Kashmir discovery of 5.9 MT, if the GSI calculation is correct, could be a game changer not only for the UT but also for the country.
The first right of benefit must be J&K’s.
Earlier In 2021, Lithium deposits worth 1600 T found in Mandya, Karnataka but they were not commercially viable.
Detailed image of production and Operators across the world
This is great news! Now discovery, is one thing, extracting is another thing.
Fingers crossed, as this is going to help India become one of the top producers then. I just hope we don’t export much and instead use it for domestic purposes. But capitalism will kick in, so let’s see!
Anyone have an idea which company could be doing the mining and extracting? NMDC?
Sodium batteries atleast till now have lower recharge cycles and lower energy density. But Sodium is more abundant and hence attractive over Lithium. So with Lithium reserves found in India migration to sodium may not happen anytime soon.