A Huge Lithium Discovery Just Changed The Stakes In EV Production – SlashGear

Also referred to as white gold due to its high demand, experts say the discovery of such a huge lithium reserve in the country will help India supercharge its own EV ambitions and reach its target of 30% vehicle electrification by the end of this decade. China, which is racing ahead of the West in terms of EV advancements, is looking toward Bolivia with an investment of $1 billion to develop the Latin American nation’s lithium mining infrastructure and quench a ravenous demand for batteries to power its domestic EV industry. To recall, Bolivia — alongside Chile and Argentina — forms the “lithium triangle” that holds nearly three-quarters of the entire world’s reserves of the alkaline metal.

India is poised to shake up the lithium processing and battery production dynamics with its abundant natural reserves, but a geopolitical splash will take some time to happen. Two additional rounds of rigorous geological surveys are needed to narrow down potential mining hotspots. Once that is done, the development of proper mining infrastructure could take years, and the same goes for lithium battery manufacturing lines. Plus, as the government harbors lithium-mining dreams, it would also need to make proper socio-economic arrangements for people settled in the area, which falls in one of the most socio-politically sensitive regions in the world. Finally, lithium mining comes with its own environmental pollution risks as it severely contaminates nearby water reservoirs.