India’s imports of lithium-ion batteries jumped 54 percent to US$1.83 billion from a year earlier in the year ended March, Trade Ministry data show and almost 87 percent of the purchases came from China and Hong Kong. India wants to reduce drastically imports from its northern neighbour and hence the strategy of self-reliance is of top order and finding the resource significant in the current scenario.
While the recent find of lithium resources by the Geological Survey of India has brought in cheers for the stakeholders, there’s much more to consider before the country can really celebrate.
Moushumi Mohanty, Head of Electric Mobility Programme at the Centre for Science and Environment (CSE) says that the lithium find in Jammu drew a lot of attention mainly because of its size — 5.9 million tonnes, compared to other locations in other countries with lithium reserves like Chile (9.2 million tonnes) and Australia (6.2 million tonnes). Does this mean that India has won itself a spot among primary lithium sourcing destinations? Before one comes to any conclusions, Mohanty examines the information available on the find.
This story is from the 15th May 2023 edition of Autocar Professional.
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This story is from the 15th May 2023 edition of Autocar Professional.
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