The demand for 208.25 GWh will be a whopping 33,320 tons of Lithium metal or 1,77,012 tons of Lithium Carbonate Equivalent (LCE) by 2030 in India.
Lithium is a key element in the production of batteries that is essential for EV mobility to drive the Global economy and reduce carbon emissions responsible for climate Change.
The global lithium market size was valued at USD 37.8 billion in 2022 and is projected to grow from USD 22.2 billion in 2023 to USD 89.9 billion in 2030 at a CAGR of 22.1% during the 2023-2030 forecast period..
The global lithium-ion battery market revenue is expected to register a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period.
Lithium is a key element in the production of batteries that is essential for EV mobility to drive the Global economy and reduce carbon emissions responsible for climate Change.
India’s Battery Energy Capacity requirement for 2029-30 is estimated at 208.25 GWh, as per the CEA report on Optimal Generation Mix 2030 (April 2023).
The demand for Lithium Metal or Lithium Carbonate equivalent for 208.25 GWh is estimated to be significantly high.
Celestial Lithium strategized to be a major player in the supply of Lithium to establish India, as a leader in EV mobility, thereby building a clean and sustainable future.
Celestial Lithium plans to build a processing plant of lithium, modalities for which are being worked out.
Celestial Lithium contemplate to enter the exploration and mining of Lithium, in view of the recent opening of the critical mineral sector to private players by the Government of India to make self-reliance on Lithium.
Batteries are a critical component of electric vehicles (EVs) as they store the energy needed to power the vehicle's electric motor. The choice of battery technology is crucial for the performance, range, and overall cost of an EV.
Lithium and its alloys have several applications in the aerospace and aircraft manufacturing industry due to their lightweight properties, high energy density, and strength-to-weight ratio.
Lithium grease is a type of lubricating grease that is widely used in various industries and applications. It is a versatile and popular choice because of its excellent properties, including:
Lithium has been used in the pharmaceutical industry for many years, primarily as a medication for the treatment of mood disorders, particularly bipolar disorder (formerly known as manic-depressive illness).
