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New Lithium reserves discovered in Rajasthan after J&K

New Lithium reserves discovered in Rajasthan after J&K

New Lithium reserves discovered in Rajasthan after J&K

Large lithium reserves have been discovered by the Geological Survey of India (GSI) in Rajasthan’s Degana, following a similar discovery in Jammu and Kashmir’s Reasi. Officials claim that these reserves could fulfill up to 80% of India’s demand for lithium and are believed to be larger than those found in Jammu and Kashmir. This is the first time that such reserves have been found in Degana.

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What is Lithium?

Uses and Significance

Lithium is widely referred to as “White Gold” due to its increasing demand in the production of electric vehicles. The global value of one ton of lithium is around Rs 57.36 lakh. Overall, the significance of lithium is growing as the demand for rechargeable batteries and clean energy sources increases. Its importance in modern technology and medicine cannot be overstated.

Lithium Reserves in the World

Lithium is a highly demanded metal used in various industries, including electric vehicles, smartphones, and renewable energy systems. Here are some of the countries with the largest reserves of lithium in the world:

Lithium Reserves in India

India’s Dependency on China For Lithium

FAQs

Where are the largest reserves of lithium?

The largest reserves of lithium are found in the “Lithium Triangle,” a region in South America that includes Argentina, Bolivia, and Chile. Chile holds the largest known lithium reserves in the world, with over 7.5 million metric tons of lithium, followed by Argentina with 3 million metric tons and Bolivia with 2.2 million metric tons. The Lithium Triangle accounts for over 70% of the world’s lithium resources and is the largest supplier of lithium to the global market. However, in recent years, other countries, including Australia and China, have also emerged as significant players in the global lithium market.

Is there a lithium reserve in India?

Yes, there are lithium reserves in India. The Geological Survey of India (GSI) has recently discovered significant lithium reserves in two locations – Reasi district in Jammu and Kashmir, and Degana in Rajasthan. The Reasi deposit is estimated to have inferred resources of 5.9 million tonnes of lithium, while the reserves in Degana are believed to be even larger. These discoveries are crucial for India’s electric vehicle (EV) plans as lithium is a key component in EV batteries. India currently imports most of its lithium, but with the discovery of these reserves, it can potentially reduce its dependence on imports and strengthen its domestic supply chain.

Author

  • Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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