Context
Argentina the fourth-largest producer of Lithium metal is now speeding up the process of mineral exploitation. Till now the extraction was done sluggishly due to high tax rates, red tape and rampant inflation.
Background
Analysis
Increasing demand for lithium metal:
About the Metal
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Lithium Triangle in Latin America:
Natural salt pans or salt flats are the large flat area of ground covered with salt and other minerals. They are usually found in deserts, Salar de Uyuni in Bolivia is the largest salt flat in the world. They are not like salt evaporation ponds, which are artificial. Wind and water work in tandem to create a flat surface of salt. |
Story of Argentina so far:
India’s stake involved in Argentina:
Lithium reserves in India:
Atomic Minerals Directorate (AMD) has the mandate of surveying, prospecting and developing of resources of uranium, thorium, niobium, tantalum, lithium, beryllium and Rare Earth Elements (REE) as these minerals are required for supporting the Nuclear Power Programme of India. |
Other available options:
Conclusion:
Climate has caused the world to bend its knees. In the pursuit of moving towards an environmentally friendly lifestyle, EVs are being projected as a potential solution. India is home to some of the most polluted cities in the world and may not be in a position to rapidly transform its fuel-based vehicles to EVs. We have to depend on external supplies for lithium metal and this makes us vulnerable to imports. We have set 350 GW by 2030 as our renewable energy goal. Steps like PLI (Production Linked Incentive) scheme for manufacturing ACC (Advanced Chemistry Cell) batteries goes a long way. However, India does not have enough reserves of lithium to achieve its targets. We have to speed up its discovery and exploitation in India and abroad (initiatives like KABIL) to make India self-reliant in the renewable energy sector.
Verifying, please be patient.