China vs India: The ‘life’ of electric vehicles will be in China’s captivity! China is aggressively pursuing to control a third of the world’s lithium by 2025
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According to a Bloomberg report, there is a race to get lithium reserves in big countries around the world. Lithium is used to make batteries for electric vehicles. With the growing adoption of EVs across the world, the demand for lithium is also gaining momentum. It is being called the oil of the future. This is the reason why powerful countries of the world, including America and China, want to capture lithium deposits. Especially China is showing a very aggressive attitude about this because it is the world’s largest market for EVs. China has bought many lithium mines in Africa.
China extracting oil from sand
China wants to get more and more lithium at all costs. He is also extracting lithium from lepidolite, which contains very small amounts of lithium. It is like extracting oil from sand. According to the UBS report, China is preparing to extract 2,80,000 tonnes of lithium from it by 2025. This is 13 percent of the total global supply. Last year, China extracted 88,000 tonnes of lithium from lepidolite. Lepidolite is found in Jiangxi province of China. The government has put a strict ban on its illegal mining. In India recently, a large reserve of lithium has been found in the Reasi district of Jammu and Kashmir.
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