Lithium Reserves found in Jammu and Kashmir

February 10, 2023

The Geological Survey of India has found lithium reserves in Jammu and Kashmir. They have been found in the Reasi district. Today India is importing Lithium from countries from Argentina and Australia. In 2021 alone, the price of lithium increased by 400% for several reasons. One of them was an increase in digital growth and electric batteries during COVID.

World Lithium reserves

Most of the lithium reserves are concentrated in South America; especially in countries such as Argentina, Chile and Bolivia. These 3 countries are called the Lithium Triangle. However, they are not the top producers of lithium in the world! China produces 75% of the world’s lithium. Rather than production, China is doing the refining business.

Lithium-Essential for the digital world

Lithium is highly important to produce rechargeable batteries. The requirement of Lithium is essential in electric vehicles, smartphones, laptops, digital cameras and every other electronic component we use today. They are the major storage blocks of electricity.

Way Forward

India is to e-auction the Lithium blocks soon. Lithium is used in heart pacemakers. It is a low-density metal with a high energy-to-weight ratio. Meaning a very little quantity of lithium can store large amounts of energy. This property of Lithium makes the metal ideal for electricity storage.

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