Monday 1 January 2024

Discovery of Lithium in India's Jammu and Kashmir

WION on Youtube has the story.

Discovery of Lithium in India's J&K. About 5.9 million tonnes of Lithium deposits found in J&K. The discovery makes India 7th largest Lithium resource-rich country.

How much does 1 ton of lithium cost?

In 2022, the average price of battery-grade lithium carbonate was estimated at 37,000 USA dollars per metric ton.

As of September 2023, lithium carbonate prices were assessed at USD 29,000 per metric ton. In the third quarter of 2023, in the Asia Pacific region, lithium prices experienced a decline for several reasons, including ample inventory, limited demand from downstream industries, and low import prices.

Value for a ton of pure gold (estimate) is £41,517,000.

How many kg of lithium is in a Tesla battery?

A typical EV battery has about 8 kilograms of lithium, 14 kilograms of cobalt, and 20 kilograms of manganese, although this can often be much more depending on the battery size – a Tesla Model S' battery, for example, contains around 62.6 kg (138 pounds) of lithium.

The most important use of lithium is indeed in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks.

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