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Lithium refinery
December 29 , 2020
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- The first Lithium refinery of India is to be set up in Gujarat.
- The lithium ore for the refinery is to be imported from Australia.
- Manikaran Power Limited is to invest Rs 1000 crores to set up the refinery.
- Manikaran is India’s third largest power trading company.
- Lithium is a rare element and is not found in India.
- India gained access to the Bolivian Lithium reserves very recently.
- Bolivia has one-fourth of the world lithium reserves.
- China controls 51% of global lithium and 62% of cobalt.
- These two elements are the main components of lithium-ion batteries.
- The future demand of Lithium in India is driven by the electrification of transport and storage of renewable energy.
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