Following the recent finding in Jammu and Kashmir’s Reasi, lithium reserves have been found in Rajasthan’s Degana. Officials assert that the recently discovered reserves in Degana, which are thought to be larger than those in Jammu and Kashmir, might supply up to 80% of India’s lithium needs. Lithium reserves have never before been discovered in Degana.
In-depth details about after J&K, new lithium resources were found in Rajasthan
This is the first substantial mineral discovery of its kind in India; prior to this, only a small lithium resource had been found in Karnataka. Due to the fact that lithium is a key component of batteries used in electric car batteries, the discovery has been attributed to the mines ministry’s heightened attention on rare earth metals.
Both locally and abroad, the government is actively looking for rare metal reserves. There are several organisations working on this project besides the Geological Survey of India (GSI). Through recycling, acquisition, and collaborative manufacturing activities, a group of three public-sector undertaking companies—National Aluminium Company, Hindustan Copper, and Mineral Exploration Corp.—is also engaged in research and development of lithium-ion batteries.
Half of the resources are found in the “lithium triangle” of Argentina, Bolivia, and Chile, which contains the majority of the world’s lithium reserves. With 75% of the world’s refining capacity under its control, China dominates the lithium sector. Since less than 1% of total vehicle sales in India are currently electric, the country’s target to grow EV usage by 30% by 2030 strongly depends on lithium.
Due to their high power-to-weight ratio, which enables a huge charge while keeping the vehicle’s weight low, lithium batteries are the only alternative that is practical for EVs. They are a safer and more dependable option than other materials because they are also more energy-efficient and work well in a variety of climates.
