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ShreeMetalPrices: New Lithium reserves were discovered in Rajasthan’s Degana After J&K


According to media claims quoting state government officials, lithium reserves have been discovered in Rajasthan’s Degana, following Jammu & Kashmir. Lithium deposits are said to be greater than those recently discovered in Jammu & Kashmir.

Officials have even claimed that the amount of lithium available here may meet up to 80% of India’s requirements. In February of this year, lithium reserves were discovered for the first time in Jammu & Kashmir’s Reasi.

This was India’s first important mineral find, as only a minor resource had previously been located in Karnataka. The discovery is attribute to the mine ministry’s new concentration on rare earths.

Because lithium is a critical component of battery use in electrical vehicles. The government is looking for rare metal sources both inside and outside the country.

Aside from GSI, a partnership of three Public-sector Undertaking businesses – National Aluminium Company, and Hindustan Copper, & Mineral Exploration Corp – is aiming to offer a vehicle for R&D Lithium-ion battery recycling, acquisition, and joint production

Lithium reserves are focuse in South America’s lithium triangle – Argentina, Bolivia, and Chile – with 50% of deposits focused in these regions. Meanwhile, China has a significant advantage over other countries, controlling 75% of the lithium refining industry.

India’s ambition to raise EV penetration by 30% by 2030 is significantly reliant on lithium; now, electric vehicles account for just more than 1 percent of all vehicle sales in the country.

Because of its high power-to-weight ratio, lithium batteries are the sole option for electric vehicles because they can give a significant charge while keep the vehicle curb weight low.

It is more power efficient & operates better across a wider temperature range. This makes it a more secure and dependable way than other materials.