Lithium, the metal that is used in batteries within your electronic gadgets to vehicles (EVs) has been discovered in India (again). The new reserve has been found in Rajasthan and is reportedly so huge that it could fulfil 80% of our lithium demand. Sounds amazing, right? Here are the discovery details and what that means for you and me.
Lithium in Rajasthan: What you need to know
A lithium reserve has been spotted in Degana, Rajasthan, as per the state government. What makes this interesting is the size of this reserve. It is reportedly way bigger than the mine in Raesi, Jammu and Kashmir, which was traced back in February. According to the Geological Survey of India (GIS), the Raesi Reserve has about 5.9 million tonnes of lithium.
The new discovery has been made particularly around Renvat Hill in Degana. Per GIS, this one has more in store and could feed 80 percent of the country’s lithium demand.
Why this Lithium discovery in Rajasthan matters to us? How it could impact the tech industry?
Lithium is a lightweight and soft metal. Its ionized form is capable of converting chemical energy into electrical energy. Due to this property, Lithium-ion is used in rechargeable batteries in mobile phones, laptops, electric vehicles, and a lot more.
Since they are efficient (more energy density than alkaline batteries) and easy to charge, recharge, and dispose of, they are the go-to solution for energy storage and are more eco-friendly than fossil fuels.
Due to these benefits, their global demand is ever-increasing. This includes India which imports Lithium mostly from China, Vietnam and Japan.
However, with these newly found reserves, our country could finally reduce its reliance on foreign markets for lithium. Thereby saving foreign exchange and bolstering our energy security.
Our indigenous battery manufacturing could see a surge and tech brands could source from the local market itself.
Well, at least that’s what we hope to see.
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