REPLUS

First the good part, the discovery of 5.9 million tons of lithium in Jammu & Kashmir will “Change the Game” for India’s energy security in the next decade. At current lithium prices, the Lithium found is valued at a whopping INR 34 trillion. It is not only Quantity which is found it is also about Quality of Lithium. India’s mining secretary stated that the lithium found in Jammu & Kashmir is of high quality, with a grade of 500 ppm, compared to the normal grade of 200 ppm. The assessment of the mineral concession is analyzed using the United Nations Framework Classification (UNFC), which is a three-dimensional system considering geological, feasibility, and economic factors.

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