JAMMU: The Government of India is likely to auction the newly-found lithium reserves in Reasi, in a couple of months from now.
Earlier this month, the Geological Survey of India had found 5.9-million ton of Lithium in Reasi. The discovery of Lithium reserve was labelled as a boost to manufacturing of electric vehicles and solar panels in India.
The mines ministry is likely to commence the auction process, in the first quarter of the financial year 2023-24, beginning from April, officials informed.
However, the officials maintained that the Indian government may not allow export of Lithium to other countries of the world.
They said that the auction will be open to everyone but with a rider that the lithium is refined only in India and not processed abroad.