RAJASTHAN LITHIUM RESERVE
View: India's path to developed economy status hinges on natural resource management
India's natural resources sector faces import challenges but holds potential for growth and self-sufficiency. Strategic management, revenue reinvestment, and resource diversification can drive economic development and sustainability, aligning with global trends towards renewable energy and efficient resource utilization.
Centre gives one month relaxation in timelines for critical mineral auctions
The government recently listed 24 minerals as strategic and critical for the country. These include graphite, molybdenum, lithium and platinum group elements. Efforts are now underway to speedily auction mining leases for these minerals. Mines ae spread across Jammu and Kashmir, Rajasthan, Madhya Pradesh, Chhattisgarh, and Tamil Nadu among others.
How falling lithium prices and self-reliance in battery manufacturing are fuelling affordable EVs in India
Currently, the dependence on foreign imports for lithium-ion batteries is a roadblock to delivering cost-efficient EVs to Indian customers. However, falling lithium prices and the discovery of lithium reserves in India have provided hope for lower costs and potential local sourcing. This, along with government initiatives to achieve self-reliance in battery manufacturing, is expected to lower EV costs, reduce import dependency, and make EVs more affordable in India.
Hindustan Zinc Limited won't borrow to keep paying dividends, says CEO
Hindustan Zinc (HZL) will not borrow to pay dividends, according to its CEO, Arun Misra. Misra said the company's financial standing was robust enough to finance acquisition plans, as dividend payments had benefited all stakeholders, including minorities. The Indian government, which has a 29.54% stake in HZL, had expressed concern that the company's borrowing proceeds would be used to extend dividends.
India gets EU invite for critical materials club
India has been invited to join the European Union's (EU) Critical Materials Club to work on supply chains for battery and green technology-related "critical materials." Preliminary discussions have already begun, and the idea is mainly to reduce dependency on China.
GSI terms reports on large lithium reserves found in Rajasthan as 'baseless'
"Media reports published in various newspapers regarding the finding of large lithium reserves by the Geological Survey of India (GSI), in Degana area, Nagaur district, Rajasthan are completely baseless and misleading," the survey organisation said.
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Anand Mahindra on what India needs to do to utilise lithium reserves found in Rajasthan
Leading industrialist Anand Mahindra on Tuesday hailed the discovery of lithium reserves in Rajasthan and called for quickly stepping up to install refining capacity of the crucial mineral in the country. In a tweet, he noted that China already has a lead when it comes to refining capacity.
New faces will compete with Amara Raja in lithium-ion batteries for years to come: Vikramadithya Gourineni
India's Amara Raja Batteries is set to construct a commercial pilot plant and two-gigawatt hour manufacturing facility, among other facilities, as part of the first phase of its $1.3bn investment in battery cells. The company, which is targeting 60% domestic value addition within five years, predicts that technological innovations and the discovery of more critical materials will suppress the increased price of batteries to enable healthy discounting, and says it will remain dependent on raw material imports in the short term.
Lithium reserves found in Rajasthan's Nagaur, higher capacity than J&K reserves
Lithium is a non-ferrous metal, which is used to make mobile-laptop, electric vehicle and other chargeable batteries. GSI and mining officials have claimed that the amount of Lithium present in these reserves can satisfy 80 percent of India's total demand. The discovery of these reserves may help in reducing the dependency of India on China for Lithium.
Centre in talks with states for 'pre-embedded' clearance of mines; to enact offshore mineral rule
The government is in talks with five states, including Odisha, Rajasthan and Gujarat, for pre-embedded clearance of 21 mines, Bharadwaj told PTI in response to a question about steps being taken for early operationalisation of auctioned mines.
Lithium: A welcome energy lodestone
The J&K resource is the second find. In 2021, preliminary surveys on surface and limited sub-surface by the Atomic Minerals Directorate for Exploration and Research identified about 1,600 tonnes of lithium resources in Karnataka.
Lithium deposits found in J&K: Is India's EV drive now set to take the fast lane?
India announced that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. As the world moves away from gasoline-fueled combustion engines, demand for lithium, nickel, cobalt and other metals that go into lithium-ion batteries is soaring.
We are looking beyond aluminium to create a company of the future: Nalco Chairman
"For the first time, exploring prospects of sourcing lithium in Gujarat and Rajasthan," Nalco chairman TK Chand said.
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