India to auction lithium reserves later this year
POWER & RENEWABLE ENERGY

India to auction lithium reserves later this year

The demand for essential metals like lithium and cobalt is expected to surge by 500 per cent by 2050, driven by the growing popularity of electric vehicles, wind turbines, and solar panels. India plans to sell its lithium reserves found in Jammu and Kashmir, according to the Union Ministry of Mines....

The demand for essential metals like lithium and cobalt is expected to surge by 500 per cent by 2050, driven by the growing popularity of electric vehicles, wind turbines, and solar panels. India plans to sell its lithium reserves found in Jammu and Kashmir, according to the Union Ministry of Mines. The Geological Survey of India discovered significant lithium reserves in the Salal-Haimana area of J&K, totaling 5.9 mt.

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