Electric Vehicles

India Finds Huge Lithium Deposits For First Time in Far North

 

India’s government agency said on Thursday it has found significant lithium deposits in the country for the first time.

The Geological Survey of India (GSI) said 5.9 million tonnes of lithium inferred resources had been found in Reasi district in the northern union territory of Jammu and Kashmir.

Lithium is a key ingredient for electric vehicle (EV) batteries.

 

Also on AF: China’s CATL to Help Tap Into Bolivia’s Lithium Riches

 

Its discovery in India comes at a time when the country is looking to strengthen its supply of critical minerals, including lithium, that will be crucial for furthering its electric vehicle plans.

India has so far depended mostly on imports for key EV battery minerals like lithium, nickel and cobalt.

“We have re-oriented our exploration measures towards critical and strategic minerals and this discovery is a vindication of our efforts,” India’s Mines Secretary Vivek Bharadwaj told Mint.

 

 

  • Reuters, with additional inputs from Vishakha Saxena

 

Also read:

India Planning to Classify Clean Tech to Attract Investors

Rising Uptake of EVs Spurs Rethink of India’s Fuel Demand

EVs at the Centre of India’s Car Show in Clean Mobility Push

India to Hike Electric Vehicle, Car, Motorbike Import Taxes

Funding Doubled for India’s EV Sector in 2022 – B Standard

 

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

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