Strategic change in Indias fortune in J&K by discovering 5.9 million tonnes Lithium Deposit.
A medium-to-longer term impactful development for Gujarat Fluoro Battery Chemicals. Approvals, environment clearance to eventual mining activity commencing may take up to 5 years?
Given this government’s focus on securing Lithium supplies globally, we can be hopeful though that this project is fast-tracked and bottlenecks/roadblocks are smoothened/removed, as feasible. On the other hand mining and refining are different things. Refining/Processing set-up may need higher order technology/ investments. As per some reports China still accounts for more than 60% of Lithium processing(?)
Lithium Carbonate (Li2CO3) is one of the key RM for LiPF6. This should help develop Lithium Carbonate domestic sourcing capabilities. Neogen is another player currently sourcing/importing Lithium Carbonate going back many years.
