Recently, a large amount of Lithium reserves were found in the Jammu & Kashmir state of India. The Indian government has announced that bidding will be done for the newly discovered Lithium reserves. Many automobile manufacturers come ahead to participate in the bid for the recently found Lithium reserves in Jammu and Kashmir.
Among those automakers, the top companies like Mitsubishi, Tesla, and Ola Electric are in line. Lithium Reserves in India About 5.9 million tonnes of Lithium reserves were found in Jammu & Kashmir’s Reasi district recently. With this discovery of such a large amount of Lithium, India has become the seventh-largest Lithium reserve country in the world. Lithium and its uses Lithium is a non-ferrous metal. It is a soft, silvery-white, and lustrous alkali metal. This metal is used in battery manufacturing for different electronic products like mobiles, laptops, and pacemakers.
Lithium is also used in the glass and ceramics industry. Lithium has become a precious metal nowadays due to its growing use in the production of Lithium-ion batteries for electric vehicles. Auction for Lithium Reserves The Indian Minister of Coal, Mr. Pralhad Joshi had announced in March 2023 that, “lithium had been discovered in India’s northern federal territory of Jammu and Kashmir. The exploitation of lithium will depend upon a successful auction of the mineral block”. He further said that the bid would be regulated by the authorities of Jammu & Kashmir. The Union mines secretary, Vivek Bharadwaj told that the central government will complete the bid for the 5.9 million tonnes of Lithium reserves found in the Reasi district of the northern union territory of Jammu & Kashmir, by the month of December this year.
He told this during the launch of the Federation of Indian Chambers of Commerce and Industry (Ficci) report on ‘New-Age Energy Minerals’ on Tuesday. As per Mr. Vivek’s statement, “Auction will be over by the end of this year, we have already recommended a transaction advisor to the J&K government for the bid of lithium reserves.” It is expected that the center would invite bids for the recently discovered metal in Jammu, by the month of June this year. CONCLUSION The Lithium reserves found in Jammu & Kashmir are the first ever known Lithium reserves of India. Lithium was called ‘white gold’ because of its use in many appliances.
The amount of Lithium reserves found in India has the potential to become a game-changer for the Indian economy. Because the metal found in large quantities can make a huge contribution to the global market also. The metal reserves can name up to 80% of India’s Lithium demand, and there would not be any need to import Lithium from other countries.
These are the media reports that the top companies like Tesla, Ola Electric, and Mitsubishi would participate in the bid for the Lithium reserves found in Jammu & Kashmir of India. But, no official statement has been found till now from the companies or their authorities.
