- Currently, India imports lithium from Argentina and Australia, however, the price of lithium has skyrocketed by 400% in 2021 due to the increase in demand for digital growth and electric batteries during the COVID-19 pandemic.
- Most of the world's lithium reserves are located in South America, particularly in Argentina, Chile, and Bolivia, which form the Lithium Triangle.
- However, China is the largest producer of lithium, accounting for 75% of the world's production, while focusing on refining the metal.
- Lithium is essential in producing rechargeable batteries, which are crucial in electronic devices such as electric vehicles, smartphones, laptops, digital cameras, and other electronic components.
- Lithium has a low density and high energy-to-weight ratio, making it ideal for electricity storage.
- The Indian government plans to auction the lithium blocks soon, recognizing the importance of this metal in the digital world and its potential as a key component for electricity storage.
Question:
Q.1 Where were lithium reserves recently found in India?
a. Manipur
b. Karnataka
c. J&K
d. Assam
a. Manipur
b. Karnataka
c. J&K
d. Assam
