The advent of Storage sector has brought in an exponential demand for Lithium batteries. The ‘Lithium Triangle’ in South America comprising Chile, Argentina and Bolivia has decided to give India a fare share of their lithium reserve. Bolivia was recently discovered as a home to vast number of unexplored lithium mines.
KABIL is a consortium of three public sector companies including National Aluminum Company (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corp Ltd (MECL). A delegation from Khanij Bidesh India Ltd (KABIL) recently visited the Lithium Triangle countries in South Americato explore opportunities in the mining of Lithium.
According to a report by The Financial Express, Lithium mining will be one of the agendas discussed during the 3-day India visit of Argentina’s President Mauricio Marci this month. Indian President Ram Nath Kovind will discuss the lithium opportunity during his visit to Bolivia and Chile next month.
The current situation is such that India is only building battery packs not the cell. The assembly of cells is done by the private sector. And, the government sector is mostly focused on R&D work for lithium packs.
ISRO recently announced the list of companies for manufacturing lithium cells. The ISRO and VSSC selected the companies jointly with the NITI-Aayog from a long-list of 141 firms. ISRO is going to transfer the technology for manufacturing Lithium-ion cells developed by the Vikram Sarabhai Space Centre (VSSC), Thumba to these companies.
Recently, new lithium reserves were discovered in Bolivia. The country is open to India’s investment for the development of the same. The reserves in Bolivia accounts for 60% of the world’s reserves.
Source: The Financial Express
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