India became the seventh largest resource of lithium globally after the discovery of such a massive amount of lithium in Jammu and Kashmir which somehow brought a ray of hope for the lithium-ion battery manufacturer in India. Currently, India is dependent on China and other countries for the import of Lithium which is vulnerable to dollar Rupert fluctuation, and supply chain disruption. Aditya Vikram, managing director of Renon India, a lithium-ion battery manufacturer from Gujrat in a statement made to Quartz said “Lithium batteries comprise around 100-200 lithium cells for electric two-wheeler applications. Lithium cells are composed of elements like lithium, cobalt, manganese, nickel, copper, graphite, and others. The advantage the domestic market can give us is a stable supply independent of evolving geopolitics”.

Homegrown lithium-ion battery manufacturing companies to EV companies all will experience the advantage of this lithium reserve and the news of the auction shows the development in the step of its extraction.

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China – 5.1 MT Lithium resource
USA – 7.9 MT Lithium resource
India – 5.9 MT ( as per the GSI data)

This is going to be a game changer for the economy of J&K and the whole of India too. One of the Twitter users Mutahir Khan wrote in a comment “Means the future lies here”, while another user Rakesh Dhar shared a detailed analysis by writing “ The availability of Lithium is good news but it needs to be refined before it can be used in batteries. More than 50% of Lithium is mined in Australia and 85% of Lithium refining capacity is in China”

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