J&K's 5.9 mn tonne lithium reserve to be re-explored after failed auction

Quick Summary:

According to the United Nations Framework for Classification of Resources, mineral exploration is divided into four stages: G4 (reconnaissance), G3 (prospecting), G2 (general exploration), and G1 (detailed exploration).

In its bid to reduce dependence on imports and support its energy transition targets, India has been exploring domestic and international lithium sources.

The re-exploration push is aimed at improving the block’s appeal, as sector experts note that the lack of detailed exploration reports was a key deterrent for potential bidders.

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Article Details

Category: BusinessFinance

Markets: IndiaArgentinaAustraliaBoliviaChileChinaHong Kong

Topics: Lithium Jammu and Kashmir Lithium reserve Lithium ion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 17:00:40 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23101478

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