Key Points
That day, the Geological Survey of India (GSI), the countrys premier mineral exploratory body, was to propose its annual programme for the upcoming field season (2023-24) besides sharing various findings of the last five years with respective state governments..
In addition, J&Ks resources are currently at an inferred G3 stage, so further exploration will be needed to determine the extent of the reserves that are economically recoverable," said Siddharth Goel, lead, energy programme at the International Institute of Sustainable Development (IISD)..
According to the International Institute for Sustainable Development (IISD), a Canada based independent think tank, demand for lithium in India is expected to grow from just 1,634 tonnes in 2022 to between 60,000 and 93,000 tonnes by 2050 (see table)..
The estimated demand of critical minerals like lithium, nickel and cobalt is half of the reserves that are already known and economically recoverable today..
The uncertainty surrounding the scale of the reserves, coupled with the long-time lag before production commences, means that India cannot be complacent in sourcing lithium externally to meet its clean energy manufacturing ambitions.".
