Centre to auction lithium reserves found in Jammu by June: Report
The Centre is expected to invite bids for the newly discovered lithium reserves in Jammu by June, a report in Mint said. The move might give India access to the strategic mineral that is used in mobiles, and electric vehicles (EVs), among others.
“[This is a] G-3 level find, which means we are sure of significant reserves and, hence, starting the process to mine this critical non-ferrous metal soon,” an official told Mint.
The United Nations Framework Classification (UNFC) classifies the finds in four stages, namely G4 (reconnaissance), G3 (prospecting), G2 (general exploration) and G1 (detailed exploration), the report added.
