Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/05/amazon_polly_53254.mp3?version=1683091582">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The <a href="https://www.india.gov.in/" target="_blank" rel="noopener">Government of India</a> will auction the 5.9 million tons (mt) of lithium reserves found in Jammu and Kashmir’s (J&amp;K) Reasi district in December this year, the Secretary of the Ministry of Mines Vivek Bharadwaj said.</p>
<p>The Secretary was quoted by ANI news agency saying that the ministry has written to the J&amp;K administration seeking a transaction advisor for the auction.</p>
<p>Bharadwaj said, &#8220;We have been lucky to discover 5.9 mt of lithium. We were looking for limestones which are available in Jammu Kashmir. We found limestone, bauxite, and lithium together. There has been renewed interest in exploring these minerals,” the official said at an industry event.</p>
<p>“We have completed the consultation process with stakeholders on the amendment of the Offshore Mining Act. Hopefully, we will soon bring it to Parliament for discussion.&#8221;</p>
<p>The discovery of lithium, a non-ferrous metal and a key component in electric vehicle batteries, is considered significant given that it is currently mined only in a few countries. Given its use in energy storage, lithium will play a vital part in the global energy transition to cleaner sources.</p>
<p>In February this year, the Geological Survey of India (GSI) said it had <a href="https://www.mercomindia.com/india-lithium-reserves-in-jammu-kashmir" target="_blank" rel="noopener">discovered</a> 5.9 million tons of lithium reserves in J&amp;K.</p>
<p>The Ministry of Mines had said that the GSI estimated an inferred resource of 5.9 million tons of lithium ore.</p>
<p>Automotive lithium-ion battery demand <a href="https://www.mercomindia.com/ev-battery-supply-chains-stressed" target="_blank" rel="noopener">reached</a> 340 GWh in 2021, more than twice the demand in 2020, primarily driven by the increase in electric passenger cars, which observed a 120% surge in registrations in 2020, according to an International Energy Agency report.</p>
<p>A <a href="https://www.mercomindia.com/lithium-find-energy-independence-by-2047" target="_blank" rel="noopener">study</a> by the U.S. Department of Energy’s Lawrence Berkeley Lab projected that the lithium find can significantly help India pave the way for cost-effective energy independence by 2047. It said that most of the 2 million tons of lithium needed by 2040 for manufacturing new electric vehicles and grid-scale battery storage systems could be produced domestically using newly discovered reserves.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
</div></div><div class="clearfix"></div></div></div>

Government to Begin Auction for Lithium Reserves Found in J&K in December

reserves

Get the most relevant India solar and clean energy news.

RECENT POSTS