While many are sharing the great news about India's #LithiumInIndia discovery, a very important element has been overlooked.
In this short thread I discuss what this means for India in terms of #Dedollarization, how this will affect Indian currency & also the upcoming politics.
In this short thread I discuss what this means for India in terms of #Dedollarization, how this will affect Indian currency & also the upcoming politics.
Firstly ranked below are the details of top 5 countries #Lithium reserves 2023 in Million metric tons
1. Chile - 9.3
2. India - 5.9 (just discovered)
3. Australia - 3.8
4. Argentina - 2.7
5. China - 2
With De-dollarisation, the currency will reflect the value of our resources
1. Chile - 9.3
2. India - 5.9 (just discovered)
3. Australia - 3.8
4. Argentina - 2.7
5. China - 2
With De-dollarisation, the currency will reflect the value of our resources
which means that this and any other discovery would result in dramatically appreciating our currency.
However, just because we have reserves doesn't mean we'll become producers. Mining, #Lithium extraction industry etc will have to set up and guess what this will result in?
However, just because we have reserves doesn't mean we'll become producers. Mining, #Lithium extraction industry etc will have to set up and guess what this will result in?
More fake protests and attempts to destabilize the region so as to prevent India from actually using the resources.
Interestingly, just immediately US has stated that it is looking to form critical - mineral pacts and create a critical mineral buyers club.
This is because they
Interestingly, just immediately US has stated that it is looking to form critical - mineral pacts and create a critical mineral buyers club.
This is because they
know that the dollar is already in danger, and as dollar would depreciate when de-dollarisation finally kicks off it'll be impossibly expensive for them to buy these resources.
Meanwhile, China, the 3rd largest producer, has a strong foothold in the lithium supply chain.
Meanwhile, China, the 3rd largest producer, has a strong foothold in the lithium supply chain.
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.
Thus, although this is
Thus, although this is
definitely a great news for India, a long road lies ahead for India to be able to successfully utilise this. Otherwise China/US can easily use fifth columnists to file PILs in the name of climate change and use Milords and Judiciary to derail us. The 2024 election is most
critical. Recently Hilary Clinton visited an NGO in Ahmedabad called SEWA and gave them a $50 mn for 'women and climate change'. It's obvious where and what that will be used for.
Jai Hind 🇮🇳
Pls follow @MultipolarIndia if you like such content because I'll be posting often.
Jai Hind 🇮🇳
Pls follow @MultipolarIndia if you like such content because I'll be posting often.
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