Page 3 - Lithium

PLI, tax benefits and more: Niti's advice to boost EV battery manufacturing

The Niti Aayog suggested that the Centre should give impetus to scaling up lithium-ion battery (LIB) recycling infrastructure to complement the extraction efforts of critical minerals

Hindustan Zinc keen to participate in lithium auctions: CEO Arun Mishra

Hindustan Zinc Ltd (HZL) is keen to acquire lithium assets as and when they are put on the block for auctions, CEO Arun Mishra said. Lithium reserves of about 5.9 million tonnes have been identified in Salal-Haimna areas of Reasi district in Jammu and Kashmir (J&K) for the first time in India. Auctions of the said reserves are likely to be held in December. The J&K administration is also in the process of appointing a transaction advisor. "Absolutely. Why not?" Hindustan Zinc is already in the base metal (sector). Whatever lithium asset will come it will be strategic interest, Mishra told PTI in reply to a question on plans of acquiring lithium reserves. The CEO further said, "As base metals are our (company's) area of interest and lithium being one of them, we look forward to exploring the opportunities as such metals are going to be the future which will drive the new world." Therefore, HZL is open to participate in auctions for the lithium reserves, he added. Lithium is a ..

India's critical mineral list a step towards supply-chain security: Experts

Critical minerals refer to mineral resources, primary and processed, which are essential inputs in the production process and whose supplies could be disrupted

State-owned firm KABIL to sign pact with Argentina to secure lithium blocks

KABIL, short for Khanij Bidesh India Ltd, was formed in August 2019 to identify, acquire, develop and process strategic minerals overseas for use in India

State-owned firm KABIL to sign lithium pact with Argentina: Report

India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile

Heavy metal: Centre releases first ever list of 30 key critical minerals

Lithium, cobalt, and silicon among 30 minerals identified

Threatened by shortages, EV makers race for lithium supplies for batteries

Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure white gold in a politically and environmentally fraught competition from China to Nevada to Chile. General Motors Co. and the parent company of China's BYD Auto Ltd. went straight to the source and bought stakes in lithium miners, a rare step in an industry that relies on outside vendors for copper and other raw materials. Others are investing in lithium refining or ventures to recycle the silvery-white metal from used batteries. A shortfall in lithium supplies would be an obstacle for government and industry plans to ramp up sales to tens of millions of electric vehicles a year. It is fueling political conflict over resources and complaints about the environmental cost of extracting them. "We already have that risk of not being able to get enough, said GM's chief financial officer, Paul A. Jacobson, at a Deutsche Bank conference in mid-June. We've g

India considers lithium mining royalty at 3% of London Metal Exchange price

At least dozen cos such as Adani Enterprises, Vedanta Ltd, Reliance Industries, Jindal Steel and Power Ltd, Himadri Chemicals and Korea's LX International are likely to take part in auction

India plans to link prices of domestic lithium with London Metal Exchange

The move to link the prices comes after the Geological Survey of India (GSI) conducted an exploration of the blocks of REEs and lithium in the country

Mitsubishi, Tesla, Ola Electric to bid for India's lithium reserves

Automakers appear to be at the forefront of bidders for the recently uncovered lithium reserves in the Jammu and Kashmir region

GSI terms reports on lithium reserves found in Rajasthan as 'baseless'

The Geological Survey of India (GSI) on Tuesday termed media reports saying large lithium reserves being identified 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. It is to state that no such information was provided neither by the regional headquarters nor by the central headquarters of the GSI, it said. It is to be informed that the GSI is carrying out exploration for tungsten, lithium and associated rare metals mineralisation in the Degana area, Nagour district, Rajasthan, since 2019-20 and the drilling work is still under progress. The resources will be established only after completion of the drilling work and finalisation of the report, it added.

Need to step up refining capacity: Anand Mahindra on lithium reserve in Raj

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. "Finally. We have sizeable reserves of a natural resource critical for growth in the 21st century. A signal that India has an 'electrifying future.' But the key element in the supply chain is refining, not reserves, where China has a huge lead. We need to step up quickly to install that capacity," Mahindra tweeted. According to various reports, the Geological Survey of India (GSI) has found another reserve of lithium in Degana in Rajasthan's Nagaur district. Lithium is primarily used to produce rechargeable batteries, especially those used in electric vehicles and portable electronic devices, among others. Earlier, lithium reserves were also found in Jammu and Kashmir.

New lithium reserves in Rajasthan can help India reduce dependency on China

If officials in Rajasthan government are to be believed, Lithium reserves have been traced in Degana (Nagaur) of Rajasthan.

Lithium reserves found in Jammu and Kashmir put on bidding block

Auction of reserves discovered in Reasi district will be started by December, says mines secretary

NMDC in talks with Australia's Hancock for lithium mining: Report

Separately, NMDC is working on plans to export low-grade iron ore to China, the report said

Chile to nationalise vast lithium industry, unveils model to share resource

Shock move in country with world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company

A breakthrough in EV battery tech

Sodium-ion battery offers a potential low-cost alternative to lithium-ion battery for India and presents an opportunity to achieve energy independence

Process initiated for lithium extraction in J-K's Reasi, says official

The process has been initiated for lithium extraction in the Reasi district of Jammu and Kashmir, an official said assuring that the government would take all possible steps to make the discovery a reality soon. Mining Secretary Amit Sharma visited the lithium reserve site located in Salal-Haimna area and also held a review meeting on the extraction of the metal. "The UT administration led by Lt Governor (Manoj Sinha) and Chief Secretary (A K Mehta) are looking forward to taking the next steps for lithium extraction at the earliest. "The process has already been initiated under their visionary directions towards appointing a transaction advisor and auction platform to carry forward the extraction process for this potentially rich reserves of lithium to the tune of 5.9 million tonnes, second highest in the world," the secretary said. He assured that the government shall take all possible steps and measures to make this lithium discovery a reality soon and meet the decided timelines

Govt exploring possibilities of investing in lithium mines abroad

With requirement for lithium rising manifolds, the Central government is exploring the possibilities of investing in mines abroad, especially in Argentina and Australia

After lithium reserve in J&K, 15 rare earth elements discovered in Andhra

These elements are also used in clean energy, aerospace, defence, and in manufacturing permanent magnets- a key component in modern electronics- wind turbines, jet aircraft, and several other products