Lithium reserves have found for the first time in India, in Salal-Haimana area of the Reasi district of Jammu and Kashmir. 5.9 million tonnes of lithium has discover with 51 mineral blocks of lithium and gold.
This discovery is a proud moment for us Indians.
As currently, Chile has the largest lithium reserves of 9.3 million tonnes, follow by Australia with 6.2 million tonnes.
India Finds Its Own Lithium Reserves in J&K; Here’s How It Stacks Up Against Other Countries
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With India at 5.9 million tonnes, it is now one of the countries in the world with the largest lithium reserves.
The production and refining in itself is a complicate task and requires cutting-edge technology.
For instance, Australia’s mine production stands at 0.6 million tonnes, but Chile, despite having more reserves, produces just 0.39 million tonnes.
Similarly, the production from its reserves remains to be seen for India.
The electric vehicles produce or assemble in India use import lithium-ion batteries, thus increasing their overall cost.
But now that the country has its own reserves, the local manufacturing of lithium-ion batteries should see a significant boost.
The end benefit for the buyers would come in the form of electric cars getting more affordable, as the battery pack is one of the costliest components of an EV.
