India is planning to reach out to Bolivia, Argentina and Chile to procure supplies of lithium that are used to make batteries for electric vehicles (EV) and solar power plants. And also to meet defence production requirements and to cut India’s dependence on imports India has set an ambitious target to achieve 6-7 million sales of electric/hybrid vehicles in India by the year 2020 and of meeting target of 100 GW of solar power generation by 2022. But it has no lithium to power these dreams and so is expected to turn to the three countries in South America, the so-called “lithium triangle” which hold the world’s greatest reserves of the metal.

Countries including Argentina, Chile and Bolivia, are members of International Solar Alliance (ISA), initiative of Prime Minister Narendra Modi, which fosters South-South Cooperation.

Speaking to The FE on condition of anonymity, an officer in the Ministry of Mines & Minerals, said, “Lithium has been designated as of the strategic metal. India does not have reserves of the rare metal needed for making lithium-ion batteries.”

(Source: Financial Express)