GSI Discovered 10,500 tonnes of Lithium Reserves in Rajasthan
In Rajasthan, the Geological Survey of India (GSI) has reportedly found new lithium reserves that are larger than those in Jammu and Kashmir. Lithium is a crucial ingredient in the creation of batteries for electric vehicles and other electronic devices, so this news is significant.
In the Rajasthan district of Ajmer, the Geological Survey of India (GSI) has discovered 10,500 tonnes of lithium reserves. The reserves discovered in Jammu and Kashmir, which were previously thought to be India’s largest, are reportedly five times larger than this amount. In the Rajasthani district of Bhilwara, the GSI has also discovered lithium reserves totaling 1,600 tonnes.
These new lithium reserves’ discovery is great news for India’s electric vehicle market, which is expanding quickly as a result of the country’s push for cleaner energy sources. Electric vehicles use lithium-ion batteries, which are also gaining popularity in the consumer electronics sector. India may be able to lessen its reliance on imported lithium, which currently makes up almost all of its supply, thanks to this recent discovery.
The estimated lithium reserves in Rajasthan are 10,500 tonnes, according to the GSI. India currently imports the majority of its lithium from nations like Chile, Argentina, and Bolivia, so this discovery is significant. The Rajasthani reserves could lessen India’s reliance on these imports and possibly result in lithium self-sufficiency.
Why reserves of lithium are important
Lithium is a key ingredient in the production of batteries for electric vehicles and the storage of renewable energy. The demand for lithium is anticipated to rise in the upcoming years as a result of India’s commitment to cutting carbon emissions and increasing the proportion of renewable energy in its energy mix. The discovery of lithium reserves in Rajasthan may help India’s initiatives to advance renewable energy and electric transportation.
Also Read: India gets exclusive access to Australia’s lithium mines
Rajasthan Lithium reserves: Effects on the Indian Economy
India’s economy might benefit from the discovery of lithium reserves in Rajasthan. India is currently the third-largest crude oil importer in the world, so decreasing this dependence could have significant economic advantages. As more batteries are made domestically, the development of lithium reserves could also increase employment opportunities in the mining industry and the nation’s manufacturing sector. It might also result in the growth of a domestic lithium-ion battery industry, opening up potential prospects for India’s exports.
