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.