India's newfound lithium reserves have the potential to be a game-changer for the country's economy, particularly in the booming electric vehicle (EV) battery market. Here's a deeper dive into India's lithium economy: Lithium Reserves and Potential: With 5.9 million tonnes of lithium resources discovered in Jammu and Kashmir, India holds the 5th largest global reserves, accounting for roughly 5.5% of the world's known resources. Opens in a new windo This discovery could potentially meet a significant portion of India's future lithium demand, currently met entirely through imports. Lithium is a crucial component of lithium-ion batteries, powering electric vehicles, portable electronics, and energy storage systems. Economic Benefits: Reduced Dependence on Imports: Domestic lithium production can significantly reduce India's dependence on imports, currently valued at over $22 million annually. EV Industry Boost: Access to domestic lithium can significantly b
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