Indian Economy: News and Discussion

Shuturmurg

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For real? India should then become completely self sufficient in Lithium production if this is true. The number itself is one of the highest in the world with most data sites claiming Chile to be highest with some 8-9 million tonnes.
This is inferred resources, means ore.

Depends on quality of ore, on how much is actual lithium.
Here is a report from canada, from their even larger discovery this year :

For them total lithium was around 1/4.8th of ore, so even if its 1/5th in case of India, India will still have 6th largest reserves from this one discovery. Enough to supply our domestic EV industry plans, provided there is no other catch.
 

iNorthernerOn9

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For those still in doubt... spoke with a friend who is metallurgy engineer...

You people can see "G3" written in brackets in the Lithium related news

G3 means a higher quality ore which is feasible for extraction

(&he also said they should have avoided mentioning G3 in news... it will draw attention in a big way from those who understand what it means)
 

FalconSlayers

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This is inferred resources, means ore.

Depends on quality of ore, on how much is actual lithium.
Here is a report from canada, from their even larger discovery this year :

For them total lithium was around 1/4.8th of ore, so even if its 1/5th in case of India, India will still have 6th largest reserves from this one discovery. Enough to supply our domestic EV industry plans, provided there is no other catch.
For those still in doubt... spoke with a friend who is metallurgy engineer...

You people can see "G3" written in brackets in the Lithium related news

G3 means a higher quality ore which is feasible for extraction

(&he also said they should have avoided mentioning G3 in news... it will draw attention in a big way from those who understand what it means)
I guess entirety of the reserves mentioned are extractable.
 

FalconSlayers

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2 yrs after the approval of chip subsidies, all the 3 major projects are basically dead. Govt only had money for one and says all of earlier proposals are "flimsy". Two years of faffing around, and now looking for new suitors when the demand is falling.
 

here2where

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Gold vs Sensex over 20 yr period -

Sensex -
s20.png


Gold -
g20.png


The noob in me thinks "when stocks goes up, gold should come down" .
Aside of US Fed actions, does this trend indicate increased liquidity/affluence?

Experts - pls clarify.
 

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