Simply put, India has vast reserves of lithium. Large reserves of lithium have been discovered in the state of Jammu and Kashmir. Let us tell you that this is the first time that a large deposit of lithium has been found in India.
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In the coming days smartphone And the cost of solar panels may come down. Because there is a big treasure in the hands of India. It is known as lithium. Simply put, India has vast reserves of lithium. Large reserves of lithium have been discovered in the state of Jammu and Kashmir. Let us tell you that this is the first time that a large deposit of lithium has been found in India.
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Why does lithium become so important?
However, the question is how smartphones and solar systems will become cheaper after the discovery of lithium, so let us tell you that smartphones, smartwatches, solar and electric vehicle batteries are made from lithium. Every rechargeable battery in India is made of lithium. Until now, India was completely importing lithium from other countries to make lithium ion batteries. However, now India has got huge lithium reserves, which can meet half of India’s needs.
These products can be cheap
It stands to reason that India is moving towards mass production of electric vehicles. Also, India is a large smartphone market, for which lithium-ion batteries are used. For this reason, electric vehicles, smartphones, smartwatches and lithium ion battery based products may become cheaper in the coming days.
Demand for lithium has increased by 1000 percent
Let us tell that the price of one ton of lithium ion battery is 57.3 lakh rupees. 59 lakh tonnes of lithium reserves have been discovered in India. Its value is around Rs. 3,384 billion. Australia is at the forefront of lithium production. This is followed by Chile and China. A 1000 percent increase in lithium demand has been recorded in the last ten years.
The Ministry of Mines of India said that the Geological Survey of India in Salal-Haimana area of Reasi district of Jammu and Kashmir. Lithium reserves has been found. The area is about 8 km from the 690 MW Salal Power Station built on the River Chenab. In J area of Salal Lithium reserves have found