Page 5 - Lithium

Chile to nationalise vast lithium industry, unveils model to share resource

Shock move in country with world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company

A breakthrough in EV battery tech

Sodium-ion battery offers a potential low-cost alternative to lithium-ion battery for India and presents an opportunity to achieve energy independence

Process initiated for lithium extraction in J-K's Reasi, says official

The process has been initiated for lithium extraction in the Reasi district of Jammu and Kashmir, an official said assuring that the government would take all possible steps to make the discovery a reality soon. Mining Secretary Amit Sharma visited the lithium reserve site located in Salal-Haimna area and also held a review meeting on the extraction of the metal. "The UT administration led by Lt Governor (Manoj Sinha) and Chief Secretary (A K Mehta) are looking forward to taking the next steps for lithium extraction at the earliest. "The process has already been initiated under their visionary directions towards appointing a transaction advisor and auction platform to carry forward the extraction process for this potentially rich reserves of lithium to the tune of 5.9 million tonnes, second highest in the world," the secretary said. He assured that the government shall take all possible steps and measures to make this lithium discovery a reality soon and meet the decided timelines

Govt exploring possibilities of investing in lithium mines abroad

With requirement for lithium rising manifolds, the Central government is exploring the possibilities of investing in mines abroad, especially in Argentina and Australia

After lithium reserve in J&K, 15 rare earth elements discovered in Andhra

These elements are also used in clean energy, aerospace, defence, and in manufacturing permanent magnets- a key component in modern electronics- wind turbines, jet aircraft, and several other products

India can be No 1 automobile manufacturer by using lithium reserve: Gadkari

Union road, transport and highway minister Nitin Gadkari on Friday said that if India can use recently discovered reserve of lithium in Jammu and Kashmir, it will become number one automobile manufacturing country in the world. Addressing an event organised by industry body CII, Gadkari said there is a need to encourage public transport, and electric buses are the future. "Every year, we import 1,200 tonnes of lithium. "Now, in Jammu and Kashmir, we got lithium. (If) we can use this lithium ion, we will be the number one automobile manufacturing country in the world," he said. India has beaten Japan to become the third largest vehicle market in 2022 after China and the USA. According to Gadkari, presently India's automobile industry is worth Rs 7.5 lakh crore, and the sector's contribution to the overall GST revenue is maximum. The estimated 5.9-million tonne reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in

China could control a third of the world's Lithium supply by 2025: UBS AG

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022

Batteries, metals and a supercycle

Lithium prices have softened this year, but the market balance is impacted by multiple developments

Top headlines: Modi, Scholz discuss ties; Ant Group to pare stake in Paytm

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India's global lithium dreams take shape in Vaishno Devi's shadow

Till the beginning of 2023, Reasi district in Jammu and Kashmir was known only for the Mata Vaishno Devi shrine situated on the Trikuta Hills, where millions of devotees pay obeisance each year

Explainer: How lithium reserves can help speed up India's EV dream

As India gears up to boost electric vehicle adoption, the massive find of lithium reserves in the country has brightened up the prospects for the country in the field of EV battery cell manufacturing

Why India must put lithium reserves to commercial production soon

The country imports about 70 per cent of its battery-cell requirements from China and Hong Kong, according to the international management consulting firm Arthur D. Little

'Lithium discovery vital for EV push but mining poses environmental risks'

The discovery of lithium in Jammu and Kashmir is significant for India's push towards electric vehicles but any environmental gains could be negated if it is not mined carefully, say experts, citing risks such as air pollution and soil degradation in the fragile Himalayan region. The Geological Survey of India recently identified a potential deposit of 5.9 million tonnes of lithium in Reasi district's Salal-Haimana area, the first such anywhere in India, which imports lithium. GSI said the site is an "inferred resource" of the metal, which means it is at a preliminary exploration stage, the second of a four-step process. The discovery of lithium deposits can be a potential "game changer" for the country's clean energy manufacturing ambitions in several ways, said Siddharth Goel, senior policy advisor at the International Institute for Sustainable Development (IISD). "First of all, the scale of the reserves is significant, and can -- if proven to be commercially viable -- reduce ...

Centre to auction lithium reserves found in Jammu by June: Report

The discovery of 5.9 million tonnes of the metal in Reasi in Jammu and Kashmir has made India the seventh-largest holder of lithium reserves

EV charging revenue likely to exceed $300 bn globally by 2027

The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday.

Judgement reserved

Too early to celebrate the lithium find

Mine over matter: Who will dig up India's new-found Lithium reserve?

The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves

Lithium: the new oil? How the energy transition could change geopolitical equations

For more than a century, nations that had oil and gas had power. In fact, wars were fought over them. Fast forward to today — with experts believing lithium to be the new oil, can geopolitics change? And where does India stand? Watch the video to understand.

TMSEp370: Air India, lithium reserve, defence stocks, fifth-gen fighter jet

What does Air India deal mean for Indian aviation? Will Lithium reserves make India an EV power? Will Aero India 2023 launch defence stocks higher? What is a fifth-gen fighter jet? All answers here

Explained: How J&K's lithium find can be India's white oil moment

The current demand of lithium ion batteries, around 3 gigawatt hour (GWh), is projected to touch around 20 GWh by 2026 and 70 GWh by 2030