Lithium, ahoy!
lithium, which goes into batteries that drive electric vehicles (EVs) and is the focus of a global scramble for supplies with geopolitical undertones, given China’s lead on battery-making and efforts to tie up EV supply chains. As it happens, India could potentially achieve lithium self-sufficiency and more, thanks to ample reserves found earlier this year in Jammu and Kashmir, a stash that could be as big as 5.9 million tonnes if early estimates are confirmed. While mining has long been state dominated in India, the logic of economic liberalization demands that it be done by those best placed for the task. Private participation is, therefore, crucial for efficient reserve exploitation that would deliver the best results for us.
There would be several parties interested, given the projected needs of EV manufacturing. It’s a field where India must chase down the Chinese lead.
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