Since the India-China standoff began in May last year, India is actively taking a number of policies to delink economically with China. Foreign media reports, India to get rid of lithium batteries on China’s lithium dependence, has set up state-run enterprises, actively in Argentina, Chile and Bolivia and local enterprises to ensure the source of lithium supply.
Lithium ore is regarded by many countries as an important strategic resource, is an important raw material for modern cell phones, notebooks and other electronic products and electric vehicles in the necessary components of lithium batteries. India is currently dependent on lithium battery imports from China, especially India is focusing on the development of manufacturing, actively encouraging the production of smart phones in India, lithium battery demand is huge.
The report points out that India has set up a state-run enterprise and the world’s lithium reserves ranked third in Argentina signed a contract, from the middle of last year in Argentina to explore the lithium mine. India signed a contract with the Argentinean enterprises to jointly explore the lithium mine state-owned enterprises is India Khanij BideshIndia Ltd, by the Indian National Aluminium Company Limited (National Aluminium Company Limited), Hindustan Copper and Mineral Exploration Ltd (Hindustan Copper and Mineral ExplorationLtd) (National Aluminium Company Limited), Hindustan Copper and Mineral ExplorationLtd) and other Indian state-owned enterprises in August 2019, responsible for the procurement of strategic minerals such as lithium and cobalt abroad. In addition to Argentina, this Indian state-owned enterprise is also exploring the option of acquiring lithium mines in Bolivia and Chile, the world’s first and second largest lithium reserves.
On the other hand, Indian Prime Minister Narendra Modi has proposed that India will fully electrify three-wheeled vehicles in 2023, two-wheeled vehicles in 2025, and completely ban fuel vehicles by 2030, thus driving the lithium battery for electric vehicles, which has become a strategic resource that India values.
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