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Earlier, a small deposit had been found in Karnataka, as per reports.

India finds its first major lithium deposit in J&K: 5.9 million tonnes in Reasi

Earlier, a small deposit had been found in Karnataka, as per reports.

In what could be a major boost for India's domestic electric vehicle industry, a major deposit of lithium has been found in Jammu and Kashmir.
This is the first instance of the mineral being found in significant quantities in India. Earlier, a small deposit had been found in Karnataka, as per reports.
5.9 million tonnes of lithium reserves have been found in the Salal-Haimana area of Reasi district by the Geological Survey of India, the government said on 9 February 2023.
Lithium is a key component in electric vehicle batteries.
Earlier, the mines ministry had said that to strengthen the critical mineral supply chain for emerging technologies, the government was taking several proactive measures to secure minerals, including lithium, from Australia and Argentina.
Currently, India is import-dependent for many minerals like lithium, nickel and cobalt.
(With PTI inputs)
Also Watch: <a href="https://www.editorji.com/india-news/budget-2023-what-s-cheaper-what-s-costlier-cigarette-phone-tv-electric-car-parts-duties-changed-1675245581924">Budget 2023: What's cheaper, what's costlier? Cigarette, phone, TV, electric car parts duties changed</a>

Only hours after the Taliban overran Afghanistan, a Chinese foreign ministry spokeswoman said Beijing was ready for "friendly cooperation" with Afghanistan.
What does China really want from Afghanistan?
The same thing the United States wanted in&nbsp;the early 90s, control of the material that will control the world trade. A few decades ago&nbsp;it was oil and now it&rsquo;s rare earth materials.
A declassified U.S. Defense Department note of 2010 described Afghanistan as &ldquo;the Saudi Arabia of lithium,&rdquo; the basic ingredient in electric-vehicle batteries and core material to tackle&nbsp;the climate crisis.
Amount of rare earth metals in Afghanistan&nbsp;
Minerals and rare earth metals in Afghanistan were estimated to be worth between $1 trillion and $3 trillion in 2020,&nbsp;according to a report in the news magazine The Diplomat.&nbsp;&nbsp;A report by American news organization The Hill&nbsp;earlier this year put the value at about $3 trillion.&nbsp;
Why rare-earth materials are so important?
Rare earths are used in everything from electronics to electric vehicles, and satellites and aircraft. Afghanistan has vast reserves of lithium in provinces such as&nbsp;Ghazni, Herat and&nbsp;Nimroz.
China led the world's lithium-ion battery supply chain market and tapping the Afghan mineral reserve would secure China&nbsp;as the controller and leader of the high-demand rare earth mineral market. About 35% of rare earth global reserves are in China, the most in the world, according to&nbsp;the United States Geological Survey.&nbsp;
In 2019, the US imported 80 percent of its rare earth minerals from China, while the EU states got 98 percent of these materials from&nbsp;China.
In&nbsp;fact, China had held trade negotiations hostage in 2019 as it threatened to cut off supplies to the U.S. during the trade war.
With demand for rare earth metals especially expected to grow over 130% in the next decade it is clear that the commodity supercycle has displaced oil as it is superstar and location of focus now shifts to a new battleground of Afghanistan where it is now evident that China is staking claim where Uncle Sam already failed.

Explained: The trillion dollar treasure that the Taliban controls and China wants

This is why China is establishing an open and effective communication with the Taliban - the trillion-dollar treasure trove that makes Afghanistan the new Saudi Arabia for world trade.

Explained: The big game China is playing amid Afghan crisis

Tapping the Afghan mineral reserve would secure China&nbsp;as the controller and leader of the high-demand rare earth mineral market.

Only hours after the Taliban overran Afghanistan, a Chinese foreign ministry spokeswoman said Beijing was ready for "friendly cooperation" with Afghanistan.
What does China really want from Afghanistan?
The same thing the United States wanted in&nbsp;the early 90s, control of the material that will control the world trade. A few decades ago&nbsp;it was oil and now it&rsquo;s rare earth materials.
A declassified U.S. Defense Department note of 2010 described Afghanistan as &ldquo;the Saudi Arabia of lithium,&rdquo; the basic ingredient in electric-vehicle batteries and core material to tackle&nbsp;the climate crisis.
Also watch:&nbsp;<a href="https://www.edtr.ai/a82c" target="_blank">China: have established 'open, effective communication' with Taliban</a>
Amount of rare earth metals in Afghanistan&nbsp;
Minerals and rare earth metals in Afghanistan were estimated to be worth between $1 trillion and $3 trillion in 2020,&nbsp;according to a report in the news magazine The Diplomat.&nbsp;&nbsp;A report by American news organization The Hill&nbsp;earlier this year put the value at about $3 trillion.&nbsp;
Why rare-earth materials are so important?
Rare earths are used in everything from electronics to electric vehicles, and satellites and aircraft. Afghanistan has vast reserves of lithium in provinces such as&nbsp;Ghazni, Herat and&nbsp;Nimroz.
China led the world's lithium-ion battery supply chain market and tapping the Afghan mineral reserve would secure China&nbsp;as the controller and leader of the high-demand rare earth mineral market. About 35% of rare earth global reserves are in China, the most in the world, according to&nbsp;the United States Geological Survey.&nbsp;
In 2019, the US imported 80 percent of its rare earth minerals from China, while the EU states got 98 percent of these materials from&nbsp;China.
In&nbsp;fact, China had held trade negotiations hostage in 2019 as it threatened to cut off supplies to the U.S. during the trade war.
With demand for rare earth metals especially expected to grow over 130% in the next decade it is clear that the commodity supercycle has displaced oil as it is superstar and location of focus now shifts to a new battleground of Afghanistan where it is now evident that China is staking claim where Uncle Sam already failed.

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