Thread by @Pamphlet_in

Thread | In a significant development, 5.9 million Tonnes of Lithium deposits were found in India’s Jammu and Kashmir.

Now, why is this big for India?

Everything is Explained in this #Thread!
#Lithium
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There have been constant demands to transition from the Fossil fuels to renewable sources of energy for years. Electric vehicles are becoming highly popular as they emit lesser emissions.
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Lithium is one of the key products in the manufacturing of batteries used in Electric vehicles! One can also say that Lithium is the new petroleum as stated by @elonmusk, the owner of Tesla.
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The largest lithium reserves are found in Latin America and Australia and the latter is also the largest producer. China, the third-largest producer, has a strong foothold in the lithium supply chain.
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Alongside developing domestic mines, Chinese companies have acquired around $5.6 billion worth of lithium assets in countries like Chile, Canada, and Australia over the last decade.

It also hosts 60% of the world’s lithium refining capacity for batteries!
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In short, the lithium race will define the new world order.

At this critical juncture, India has discovered 5.9 million Tonnes of Lithium deposits!!
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India has been at the forefront to voice its support for decarbonisation!

The discovery will not only elevate Indian stature further in the new economic sphere but also open new opportunities for EV industry in the country.
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If you liked reading the thread, then kindly go to the first tweet and retweet!

https://twitter.com/Pamphlet_in/status/1623949051598352385?s=20&t=DplRNdXo9wZQ5D8pgRjXog

Read the extensive article by @Yashfacts28 as to why discovery of #Lithium deposits is crucial to India
thepamphlet.in/english/lithiu…