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Post on Medial

2024-04-18T07:20:40.097Z

Boom of EV and how can India beat it's competition? (Part-3) Before jumping into India's role in EV revolution, we need to understand current market leader i.e. China. So china has stacks in world's biggest hard rock lithium mine - Green Bushes Mine in Australia and second largest share holder in Chilean mining company - SQM Co. In addition, China's Ganfeng Lithium Co. controls 51% Argentinan Lithium project and they invested in Bolivian Lithium reverses. In total, China control over $1 trillion supply market of lithium which itself is a big deal. Secondly, they have refining capabilities which any other country does not have it yet. In total, they control 60% of the global lithium refining capabilities and manufacture 75% (148/200) of the total batteries. So the question over here is - why does the world let China dominate this market? We could have recycled it and resell it. The reason is there recycling capabilities which is 66% in total.

Anmol Pandhi

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This app is actually awesome. Ans it definitely fulfills the purpose it has. People sharing their ideas, helping each other out and working on stuff This was definitely needed! Would love to meet more new people here.

Anonymous 1

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Yeah and you only get business news!

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