Published: 9th Mar, 2023
Context
The Iranian Ministry of Industry, Mine and Trade (MIMT) has informed that a deposit located in the western province of Hamedan contains some 8.5 million metric tons of lithium ore.
About Lithium deposits:
- Iran discovered the second largest lithium reserves.
- According to the US Geological Survey, the world’s largest identified lithium resources (not counting Iran) are as follows: Bolivia, 21 million tons; Argentina, 20 million tons; Chile, 11 million tons; Australia, 7.9 million tons; China, 6.8 million tons.
- Rising global lithium demand and surging prices have drawn increased interest in the so-called ‘lithium triangle’ that spans parts of Argentina, Bolivia and Chile.
- Lithium has become the new 'white gold' as the demand for high performing rechargeable batteries is rising.
Lithium: properties & Uses:
- It is a chemical element with the symbol Li.
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Other Major Sites:
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- It is a soft, silvery-white metal.
- It is highly reactive and flammable, and must be stored in mineral oil.
Lithium in India:
- India recently established inferred lithium resources of 5.9 million tons in the Reasi district of Jammu and Kashmir.
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