After Jammu and Kashmir, lithium reserves have been traced in Rajasthan's Degana district , according to officials it is said that lithium reserves are higher than the ones recently found in Jammu and Kashmir.

* Officials have even alleged that the quantity of lithium here can meet around 80% of India's demand. For the first time, lithium reserves were found in Jammu and Kashmir's Reasi in February 2023.

* This was the first significant mineral discovery in India, as previously only a small reserve had been discovered in Karnataka. It attributes the discovery to the mines ministry's new focus on rare earth.

* Since lithium is a key component of batteries used in electric vehicles, the government is searching for rare metal reserves both within and outside the country.

* Apart from GSI, a consortium of three Public-sector Undertaking companies – National Aluminium Company, Hindustan Copper, and Mineral Exploration Corp – is working to provide a vehicle for research & development for recycling, acquisition, and also joint manufacturing of Lithium-ion batteries.

* Lithium reserves are concentrated in the lithium triangle in South America – Argentina, Bolivia & Chile, with 50% of the deposits concentrated in these regions. China, meanwhile, has the lead over other countries and China controls 75% of Lithium refining.

* India's plan to increase EV penetration by 30% by 2030 relies heavily on lithium - as of now, only a little more than 1% of all vehicle sales in the country are electric vehicles.

* A lithium battery is the only alternative for electric vehicles since it has a high power-to-weight ratio, enabling it to provide a large charge while keeping the vehicle's curb weight low. It is more energy efficient and performs better at a wide range of temperatures. This makes it a safer, more reliable method than other materials..

Source : Mint