Debasish Banerjee’s Post

The government of India announced the discovery of 5.9 million tonnes (mt) of inferred lithium ore in the Salal-Haimna areas of Reasi district, Jammu & Kashmir, in February 2023. The discovery of lithium reserves in India could help the country become a leading green industrial power. In addition, it could change the outlook for lithium availability in the medium and long term, which may help to avoid getting caught in EV supply chain tensions between the US and China. Read more on the country's role in the global EV supply chain and the potential regional conflicts: https://bit.ly/3wdpXEX

🔋 India to Open Its First Lithium Mines in Chhattisgarh! 🇮🇳🌍 Exciting news for India's energy and tech sectors! Following the confirmation by the Geological Survey of India (GSI), India is set to launch its first lithium mines in Chhattisgarh. This strategic move represents a milestone in India's quest for mineral independence and will significantly contribute to our green energy initiatives. 🔹 Why This is Game-Changing: 1.Key to Clean Energy - Lithium is essential for batteries used in electric vehicles and renewable energy storage, aligning with India’s commitment to reducing carbon emissions. 2.Tech Advancement - The availability of domestic lithium will support India’s electronics and tech sectors, reducing dependency on imports and strengthening the supply chain. 3.Economic Boost - Mining operations will create jobs, stimulate local economies, and position India as a potential key player in the global lithium market. With this breakthrough, India steps closer to energy independence and a more sustainable future. 🌱 Let's power up for progress! #IndiaLithium #GreenEnergy #SustainableFuture #MiningIndia #RenewableEnergy

The recent discoveries of lithium reserves in India, particularly in Jammu and Kashmir and Karnataka, have the potential to significantly change the electric vehicle (EV) market in the country. By reducing reliance on imports, lowering production costs, and supporting government initiatives, these domestic lithium sources could strengthen India’s position as a competitive player in the global EV industry. Additionally, promoting local battery manufacturing and the environmental benefits of sourcing lithium domestically may lead to a more sustainable and self-reliant energy future. As further exploration and feasibility studies are conducted, India is on the verge of a transformative shift in its energy and automotive sectors, positioning itself as a leader in the upcoming green revolution. #Mining #Lithium #EV

India is one of the leading countries for Lithium-Ion battery imports worth 3.59 billion dollars in FY 2023 from countries like China, South Korea, Vietnam, and Japan. There are 100+ lithium battery pack manufacturing companies in India supplying batteries to EV, power electrics, and stationary storage markets in India. With the Government’s support under the ACC-PLI scheme 30 GWH Lithium-Ion Cell production has been awarded to 3 companies and another 10 GWh is in tendering stage. We at IESA expect 10+ giga factories with 140 GWh production to be ready by 2030. More than 15 companies are working on developing a Lithium battery supply chain Ecosystem in India including raw materials mining, reefing, chemical processing, and pre-cursor materials manufacturing. In the last 5 years, India identified multiple lithium Reserves in India in states like Karnataka, Chhattisgarh, West Bengal, and Jammu & Kashmir. The inclusion of lithium as a 'critical' mineral in India's Ministry of Mines Committee report of June 2023 highlights its vital role in India's economic development and national security. Having this background, we are pleased to announce the Lithium Ion India- International Summit on Lithium-Ion Batteries on 4th October 2024 at Le Méridien New Delhi, India. Delegate’s registration link for the conference- https://lnkd.in/dri2SWJz (Early bird price is going on till 15th September 2024) #lithiumion #batterytechnology

#WRI recently published a working paper on #criticalminerals for India's #cleanenergy transition. In brief Significant Demand Increase: India's demand for critical minerals is projected to rise sharply, with estimates indicating that the requirements for minerals essential for clean energy technologies (CETs) could quadruple by 2040. This surge is driven by the country's ambitious energy transition goals, particularly in electric vehicle (EV) batteries and stationary battery storage. Current Supply Shortfall: The report highlights a substantial domestic supply shortfall, with India currently relying on imports from a limited number of countries. The critical minerals identified include aluminum (bauxite), cobalt, copper, graphite, lithium, manganese, and nickel, which are essential for the energy transition. Economic Impact: Raw materials constitute 50-70% of the total cost of lithium-ion batteries. A doubling of lithium or nickel prices could increase overall battery costs by nearly 6%. Similarly, copper and aluminum account for about 20% of total grid investment costs, indicating how supply-demand imbalances could affect clean energy technology pricing. Environmental and Social Concerns: The socio-environmental impacts of mineral extraction pose significant challenges. If not addressed, these issues may lead to community distrust, project delays, and increased costs. The report underscores the necessity for a social license to operate in mining projects to ensure community support and sustainability. China's Dominance: China plays a crucial role in the critical minerals economy, dominating midstream and downstream segments. India must focus on achieving economies of scale in mineral processing and fostering innovation in domestic clean energy technology manufacturing to compete effectively. Strategic Partnerships: To secure critical mineral supplies, India should enhance investments, diversify sources, and address socio-environmental concerns. Building strategic partnerships is essential for strengthening the resilience of its critical mineral supply chains. https://zurl.co/vNcf

> In February #2023, the Geological Survey Of IndiaÊ(Gsi) (GSI) established #lithium-inferred resources of #5.9 million tonnes in the Salal-Haimana area of the #Reasi district in #Jammu and Kashmir (J&K). > This discovery makes #India the #7th-largest source of #lithium globally.  #*#Lithium based #batteries were first proposed by #M. S. Whittingham at #Binghamton University in the #1970s. > > Why no investor in J and K : 1.) Difficult to extract and process lithium from hard rock pegmatite deposits (as in Raesi) 2.) small #Lithium blocks hinders use of modern #mineral tools #Check full : https://lnkd.in/gjpjX6dY The Indian Express #battery #energy #jammu #Lithium Lithium Battery Battery Smart ##energy, #Industry #Energytransition #innovation #technology #startups #venturecapital #alternativeenergy #sustainability #bigdata #construction #automotiveindustry #energy #oilgas #electriccars

Two world giants are vying to control this vital resource, US teams up with India to explore critical minerals in third countries New Delhi and Washington are seeking to reduce their dependence on China, which dominates the lithium supply chain. China currently controls nearly 70% of the global lithium supply, and larger shares of cobalt, graphite, and manganese – other minerals vital for green technology. India recently discovered lithium reserves in Jharkhand, Rajasthan, and Jammu and Kashmir, but does not yet produce lithium domestically, relying entirely on imports. Demand for the mineral is soaring in India as it seeks to expand its electric vehicle market, which is projected to grow from $3.21 billion in 2022 to $113.99 billion by 2029. In September, New Delhi unveiled a $1.3 billion PM E-DRIVE scheme to incentivize the adoption of electric cars and two-wheelers. #CriticalMinerals #USIndiaPartnership #LithiumSupply #ElectricVehicles #GreenTechnology #MineralExploration #SustainableEnergy #ChinaDominance #EVMarketGrowth #PMEDRIVE #CleanEnergyTransition #ResourceSecurity #GlobalSupplyChain #BatteryTechnology #CobaltSupply #GraphiteMining #ManganeseResources #IndiaLithiumReserves #TradeAgreements #MineralsSecurityPartnership #AfricaMinerals #SouthAmericaResources #TechForGreenEnergy #ElectricMobility #InvestmentInInnovation #ClimateGoals #FutureOfEnergy

In the recent past I saw a video that a huge reserve of LITHIUM of around 60 lakh Tones is discovered in J & K state. This will not only make India self sufficient in production of Lithium ion storage batteries but will also enable India to export this high priced commodity all over the World. Most of us are aware that these batteries find a vast application in EVs and as a storage device for Wind as well Solar Energy. This will play important role in a very ambitious plan of India to massively reduce its Carbon foot print by generating most of its , Electrical Energy through Wind, Solar, & BioGas etc. Looking at the past Track Record of the present Indian Government, I foresee a huge Growth & Development of Industries and Infrastructure under a very strong & dynamic leadership of Indian PM Shri Narendra Modi in his Third Term. No doubt there could be tough challenges ahead but I am sure PM Modi will find befitting solutions. The greatest challenge for India in my opinion could be to ensure Base Metals & other commodities security for its Industrial and Energy sector Growth. India is not only self sufficient in all grades of Steels but is also a large exporter. For uninterrupted Industrial & Energy sector Growth India will have to create Base Metal Security. Exotic Base Metals like Copper, Nickel, Cobalt, Lithium, Chromium, Molybdenum, Zinc, Magnesium, Aluminum, Titanium and Silicon therefore creating their supply source is very essential. Fortunately for India there are well managed and well groomed PSU companies like NMDC, GMDC, NALCO, NLC India, Hindustan Copper, MOIL, ONGC, OILINDIA, SAIL, COAL INDIA etc. These companies have a Vast Experience, Resources and Expertise in Rapid Benefaction and Exploration of all kinds of Mineral Resources like Metals, Coal & Oil etc. and therefore GOI should entrust these companies for mining huge Reserves of newly discovered Lithium and other Natural Resources within and outside India.

In February 2023, the announcement of a potential 5.9 million metric tons of lithium in Salal, a quaint village known as “Mini Kashmir” in the Reasi district of Jammu & Kashmir, was seen as a monumental opportunity for the nation, positioning India as a potential 5th largest lithium reserve holder globally. 🔗 Read the full story here: https://lnkd.in/gm-jMugj However, efforts to develop the lithium reserve have faced numerous challenges. From questions about the reserve’s quality and quantity to seismic activity🌍 and environmental concerns🌱, securing partners for large-scale lithium extraction has yet to succeed. Additionally, the process of extracting lithium carbonate is highly water-intensive, threatening the fragile ecosystems of regions like "Mini Kashmir. Instead of focusing on lithium mining in one of the most beautiful regions on Earth, “Mini Kashmir,” there’s a sustainable alternative already within reach: Sodium—the 5th most abundant element on Earth! 🌍⚡ At Indi Energy, we’ve harnessed the power of sodium and biowaste to develop our Sodium-ion battery technology, offering a scalable solution that will not just support but accelerate India’s clean energy transition. 🚀 🔹 Abundant & Accessible: Sodium is readily available within India, reducing reliance on imports and sidestepping the environmental toll of mining. 🔹 Environmentally Conscious: Unlike lithium extraction, sodium-ion batteries rely on materials with a lighter environmental footprint, aligning with India’s sustainability goals 🌱. 🔹 Locally Sourced Innovation: Our sodium-ion technology fosters energy independence, advancing sustainable practices while building a cleaner, more resilient future. 🌏 At Indi Energy, we’re leading the charge for a responsible energy revolution, reshaping energy storage with sodium-ion technology, and helping propel India toward a sustainable tomorrow. 🌟 🔗 Learn more about our sodium-ion technology: www.indienergy.in #SustainableEnergy #SodiumIonBatteries #EnergyRevolution #CleanEnergyTransition #SustainabilityGoals #IndiEnergy #GreenInnovation #RenewableFuture #EcoFriendlyTechnology #EnergyIndependence #BiowasteInnovation #ResilientFuture