Smruthi Nadig’s Post

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

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's Energy Future appears bright. India is set to open its first lithium mines in Chhattisgarh, marking a significant milestone in our pursuit of self-reliance in critical and strategic minerals. As we know, these minerals are essential for various sectors, including renewable energy, defense, agriculture, pharmaceuticals, high-tech electronics, telecommunications and transportation. Currently, India heavily relies on imports to meet the growing demand for these vital resources. Lithium, in particular, is crucial for the production of lithium-ion batteries, which power electric vehicles—an industry experiencing unprecedented growth. This initiative not only promises to boost our domestic capabilities but also positions India as a key player in the global transition towards sustainable energy. Let's embrace this opportunity to innovate, create jobs, and pave the way for a greener future! #LithiumMines #Chhattisgarh #SustainableEnergy #ElectricVehicles #India #RenewableEnergy #Innovation #SelfReliance https://lnkd.in/gCKaUQWf

India's Discovery of White Gold - Lithium Lithium, often called "white gold," is indispensable for rechargeable batteries used in devices ranging from smartphones to electric vehicles. Over the past decade, global lithium production has surged nearly fourfold, yet demand continues to outstrip supply. This imbalance has brought significant attention to the Lithium Triangle - comprising Bolivia, Chile, and Argentina—which houses over half of the world's lithium reserves. In a significant development, the Geological Survey of India (GSI) recently identified 5.9 million tonnes of inferred lithium resources in Salal-Haimana, Jammu & Kashmir. This discovery positions India as the holder of the seventh-largest lithium resource globally, accounting for approximately 5.5% of the world's total. Despite this, transitioning these inferred resources into proven reserves will require time. Currently, India depends substantially on lithium imports from countries such as the USA, Australia, Chile, China, Argentina, and Bolivia. On January 15, 2024, India's Ministry of Mines formalized an agreement between Khanij Bidesh India Limited (KABIL) and Catamarca's state-owned enterprise, CAMYEN S.E. This agreement permits KABIL to explore and develop five lithium brine blocks in Catamarca—Cortadera-I, Cortadera-VII, Cortadera-VIII, Cateo-2022-01810132, and Cortadera-VI—spanning approximately 15,703 hectares, with an estimated project cost of around ₹200 crores. Furthermore, KABIL plans to establish a branch office in Catamarca. While lithium extraction is pivotal for modern batteries, it presents considerable environmental and health challenges. According to a report by euronews.green, producing one ton of lithium requires about 2.2 million liters of water, stressing water resources in affected regions. On average, an electric vehicle (EV) battery contains around 8 kg of lithium, 14 kg of cobalt, and 20 kg of manganese, although this varies with battery size. For instance, a Tesla Model S battery comprises about 62.6 kg (138 pounds) of lithium. #kabil #caymen #lithium #mining #gsi #usgs #batteries #lithiumbattery #whitegold #environment

LITHIUM RESERVES IN #INDIA: #Lithium is a soft, silvery-white non-ferrous metal and is one of the key components in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. It is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks. The Geological Survey of India (GSI) had for the first time in India's history established Lithium inferred resources of 5.9 million tonnes in #Jammu and Kashmir’s Reasi district. Months after India's first lithium reserves, the GSI has found another reserve of the crucial mineral in Degana in #Rajasthan's Nagaur district. These reserves are believed to be much bigger in quantity (than found in J&K) and can meet 80% of the total country's demand. WHY ACCESS TO OR CONTROL OVER LITHIUM IS IMPORTANT? - India’s #electric-vehicle (EV) market was valued at $383.5 million in 2021, and is expected to expand to $152.21 billion in 2030. - India imported 450 million units of lithium batteries valued at $929.26 million (₹6,600 crore) in 2019-2020. - The ongoing global transition to low-carbon economies, the rapid expansion of AI and 5G networks will greatly reshape global and regional geopolitics in favour of those possessing and producing lithium. WHAT IS THE REASON BEHIND INVESTORS STAYING AWAY FROM Li BLOCK AUCTIONS? - Difficulties around extracting and processing lithium: From hard rock pegmatite deposits. - Underdeveloped mineral reporting standards: Used in tender documents. Other complaints of prospective bidders: - Bid documents have limited information of the block, - Block being too small to apply modern mineral systems-based tools, - No clarity on whether any beneficiation study had been conducted to assess the feasibility of extracting and processing lithium from the resources identified in J&K, - Absence of an investor-friendly resource classification code, etc. The Indian government in June last year, listed 30 minerals, including lithium, nickel, titanium, vanadium and tungsten as critical to its quest for cleaner energy.  For Lithium and other critical minerals' exploration survey case studies, please contact us at sales@wavegeos.com Ola Electric National Mineral Development Corporation (Nmdc) Ministry of New and Renewable Energy (MNRE)

#Lithium Ion Battery Demand in India 🔋 1. From being import-dependent, how will #India meet 80% of the lithium-ion battery demand through domestic manufacturing by #2030? 👉 In FY24, India had a demand for 15 GWh of Li-ion battery storage largely from EVs and #consumer electronics. This demand is expected to reach 54 GWh by FY27 and 127 GWh by FY30, estimated by Care Ratings. India should increase investments in local manufacturing, setting up #Gigafactories, and securing raw materials through domestic mining and international partnerships also focusing on developing Indigenous recycling technologies, and promoting R&D for alternative battery chemistries. 2. Why is India dependent on imports, and how can this dependency be reduced? Why a gap in manufacturing? 👉 The manufacturing gap exists due to several challenges such as Raw material dependencies, high capital requirements, technological lag, and delays in implementing large-scale initiatives. Another factor for dependency on imports is mineral shortages. India has some known reserves of lithium, such as the recently discovered deposits in Jammu and Kashmir, but they are yet to be fully explored or mined. 👉 Now, forming international alliances is crucial for India to foster collaboration with countries rich in critical minerals. We already have various partnerships and agreements with countries like Australia, Argentina, and others to secure access to critical minerals like lithium and cobalt: 1. India-Australia Critical Minerals Investment Partnership (2022) 2. India-Argentina Agreement (2023) 3. Chile and the Democratic Republic of Congo 👉 The Budget 2024 introduced a gamut of policy measures, including the Critical Minerals Mission, aimed at promoting domestic mineral exploration, mining, and production in India. Still, we lack in the process of implementation on broad bandview. 3. How much more investment is needed in 2025 to meet demand? 👉 To bridge the gap, India needs significant investments: Industry estimates suggest that an additional $10–15 billion (₹82,000–1,23,000 crores) will be required by 2025 to scale up infrastructure, secure raw materials, and invest in R&D. For domestic production, $4.5 billion (₹33,750 crores) is required to achieve the government's Production Linked Incentive (PLI) target of 50 GWh manufacturing capacity 🔋 Additionally, investments are being made by private firms like @Tata Group (₹13,000 crore for a 20 GWh factory in Gujarat) and Reliance Industries Limited Industries, which is setting up facilities for lithium and sodium-ion batteries at its Jamnagar complex. Companies like Ola Electric and Log9 Materials are further contributing with gigafactories scaling to 20 GWh and 1 GWh, respectively, over the next two years. #BatteryManufacturing #EnergyStorage #LithiumIonBatteries #EVRevolution #SustainableEnergy #MakeInIndia #CleanEnergyTransition #PLIinitiative #GreenEnergyIndia #EnergyInnovation

🚀 Breaking Records in the Coal Sector! 🚀 India's private and commercial coal mines have achieved an unprecedented 27% surge in production during FY24, reaching a staggering 147 million tonnes. This remarkable growth not only highlights the resilience of the coal industry but also underscores India's strategic vision to bolster domestic coal production. The dispatches from these mines also witnessed a robust 30% increase, totaling 143 million tonnes in FY24 compared to 110 million tonnes in FY23. This surge in production is attributed to the commencement of nine new coal mines, comprising both captive and commercial operations, during the fiscal year. This milestone is part of India's broader strategy to enhance coal production capacity, reduce dependence on imports, and ensure a stable and sustainable energy supply for the nation's growing needs. It also aligns with the government's vision to diversify the energy mix while supporting economic growth and job creation in the mining sector. As India aims to scale up its coal production capacity to 2 billion tonnes by 2030, such milestones play a crucial role in building a resilient and self-reliant energy ecosystem. This achievement not only reduces pressure on national miner Coal India but also contributes significantly to India's energy security and economic development. 🔔 Disclaimer: This post is for informational purposes only and does not constitute investment or financial advice. Readers are encouraged to conduct their own research and consult with professionals before making any investment decisions. Join us in celebrating this remarkable achievement as India paves the way towards a greener, more energy-independent future! 🌱💡 #CoalProduction #EnergySector #IndiaGrowth #RecordProduction #SustainableEnergy #GreenFuture #EconomicDevelopment #EnergySecurity #JohnFinlay #DrySorting #Bharat #India Aadil Keshwani Imon Ghosh

As India continues to rely on coal as a primary source of energy, the debate around coal mining intensifies. While coal mining provides significant economic benefits, it also poses environmental and social concerns. Let's delve into the pros and cons of open cast and underground coal mining in India: *Pros:* - Energy security: Coal mining supports India's energy demands, powering homes, industries, and transportation. - Economic growth: Coal mining generates employment opportunities, stimulates local economies, and contributes to GDP. - Infrastructure development: Coal mining leads to the development of supporting infrastructure, such as roads, railways, and ports. *Cons:* - Environmental degradation: Coal mining leads to deforestation, water pollution, and soil erosion, harming ecosystems and biodiversity. - Health impacts: Coal mining poses serious health risks to miners and nearby communities, including respiratory issues and cancer. - Displacement and social issues: Coal mining often results in the displacement of local communities, leading to social and cultural impacts. *Open Cast Mining:* - Advantages: More efficient, cost-effective, and safer than underground mining. - Disadvantages: Causes more environmental damage, displaces more people, and has a larger footprint. *Underground Mining:* - Advantages: Less environmental damage, preserves surface land, and has a smaller footprint. - Disadvantages: More hazardous, requires more labor, and has higher operational costs. As we move forward, it's crucial to strike a balance between energy security, economic growth, and environmental sustainability. Let's work towards responsible coal mining practices, investing in cleaner technologies and prioritizing the well-being of both people and the planet. *Share your thoughts:* How can we make coal mining more sustainable in India? Let's continue the conversation! *#CoalMining #Sustainability #EnergySecurity #EnvironmentalConservation #ResponsibleMining*

Critical minerals are essential for modern technologies, from electric vehicles and renewable energy to national defence and aerospace. With its growing economy and ambitious clean energy goals, India faces a rising demand for these vital resources. India possesses reserves of several critical minerals, including #lithium, #cobalt, #rareearths, and #graphite. However, current domestic production needs to meet the country's needs. The government is actively exploring and developing domestic sources of critical minerals to reduce dependence on imports. India is building a robust ecosystem for processing and manufacturing critical minerals. This involves attracting investments in refineries and production facilities. Also reaching out to #Global #Mineralproducers for #processingtechnologies. Developing a robust domestic critical minerals strategy is crucial for India's technological and economic self-reliance. By balancing resource security, environmental sustainability, and skilling the workforce, India can unlock this sector's immense potential. #CriticalMinerals #India #Manufacturing #Sustainability #CleanEnergy REIA - The Global Rare Earth Industry Association Lynas Rare Earths Ltd RARE EARTH ASSOCIATION OF INDIA American Geosciences Institute International Aluminium Institute International ALUMINIUM Journal Lithium Americas Corp. Australian Trade and Investment Commission (Austrade) Mining Magazine Australia https://lnkd.in/ggqNAqRm