The Lithium Race: Where India Stands In The Global Rush For 'White Gold'

To keep the economy growing, India needs to be self-dependent on regular supply of rare metals like lithium and cobalt. According to CII, India meets most of the requirements of minerals from China.

The Geological Survey of India (GSI) has for the first time established 5.9 million tonnes of inferred resources of lithium in the Salal-Haimana area of Jammu & Kashmir.

Source : PTI

Lithium is fast emerging as a metal of great strategic significance. Since lithium has widespread applications in modern-day industrial products, its demand is growing by leaps and bounds. According to an international energy agency estimate, the demand will rise to 40 times of the 2020 level by 2040. Since very few countries have proven lithium reserves, there is a worldwide race to acquire them. India has not been endowed with lithium, like petrol, and the country’s economy can be