The document summarizes India's recent discovery of 5.9 million tons of lithium deposits in Kashmir. While this could position India as a major player in the global lithium market and support its renewable energy goals, there are also significant economic, ecological, political and geopolitical challenges. Extraction may be difficult given Kashmir's instability, and could threaten the local environment and tourism industry. The deposits also fall into an inferred category requiring further testing, and actual extraction may not help India's 2030 targets.
The document summarizes India's recent discovery of 5.9 million tons of lithium deposits in Kashmir. While this could position India as a major player in the global lithium market and support its renewable energy goals, there are also significant economic, ecological, political and geopolitical challenges. Extraction may be difficult given Kashmir's instability, and could threaten the local environment and tourism industry. The deposits also fall into an inferred category requiring further testing, and actual extraction may not help India's 2030 targets.
The document summarizes India's recent discovery of 5.9 million tons of lithium deposits in Kashmir. While this could position India as a major player in the global lithium market and support its renewable energy goals, there are also significant economic, ecological, political and geopolitical challenges. Extraction may be difficult given Kashmir's instability, and could threaten the local environment and tourism industry. The deposits also fall into an inferred category requiring further testing, and actual extraction may not help India's 2030 targets.
lithium reserves and proximity however the pricing wasn't good at the time so no follow-up investigation was conducted Now 26 years later India has made a game-changing discovery 5.9 million tons of lithium deposits in Kashmir the sum is so vast that it instantly jumps India as one of the world's wealthiest in lithium reserves officials are spinning the story as a big payday they're not wrong lithium is a soft silver white metal within the Alkali group of the periodic table it is a crucial component of electric batteries used widely from smartphones to electric vehicles if recoverable the Kashmir deposits could remake India into a green energy Powerhouse yet Kashmir is a place of many names mural Emperor jahangir called did Paradise on Earth Bill Clinton called it the most dangerous place on Earth according to Narendra Modi it is both but most of all Kashmir is a geopolitical Flashpoint wedged between three nuclear-armed states even a small change can trigger an avalanche of conflict and India's lithium Discovery could consume rival Powers With Envy as surely as rust will eat away at Steel [Music] foreign [Music] of geopolitical flash Points events that feel more common than ever in our increasingly volatile and connected world a world so interconnected that India being torn apart wasn't just affect Indians it would sever a U.S India trade eclipsing 190 billion dollars destroy over 70 000 American jobs and cut over 14 billion dollars in investment and that's just in the U.S a country where already half of the surveyed Americans making six figures live paycheck to paycheck however through these increasingly unstable conditions the ultra wealthy have adapted to protect their wealth from massive swings pouring massive wealth into assets that can climb even with rampant volatility that's why me and thousands of you already use a platform that sold over 45 million hours in these same types of assets returning the net proceeds to investors like us I'm talking about Masterworks art investing platform I've invested with Masterworks for over a year and they've notched 13 exits now every single one returning a profit they still have a wait list but we've been partners and investors for so long we got you Priority Access at the link below geography is Destiny but political geography owes as much to pencils and papers as it does to rivers and mountains nowhere is the contradiction between territorial claims physical geography and actual control more pronounced than in Kashmir sitting at the crossroads of South and Central Asia in medieval times Sufi Islamic influences mingled with sanskritic elements to forge an inclusive moderate culture today not so much upon Britain's 1947 withdrawal from Colonial India jamu and Kashmir was India's only princely state out of 565 with a Muslim majority ruled by a Hindu Maharaja after initially contemplating Independence a pakistan-backed pashtune Invasion prompted Maharaja to sign an instrument of accession with New Delhi thereafter India airlifted troops in but when Pakistan responded with its own Advance India sought a U.N brokered ceasefire in January 1949 the line of control was set as the de facto border though each side retained their claims to all of Kashmir New Delhi endured another setback in 1962 when China invaded the oxide chin Pakistan then handed Beijing the trans-karakorum tract the following year the Indian controlled portion meanwhile was administered under special constitutional Provisions articles 370 and 35a granting Jammu and Kashmir its own Constitution flag and legislature and since then the region has been plagued by periods of conflict jihadism and state repression in other words Kashmir is hardly the ideal place to make a major mineral Discovery yet in February 2023 that is precisely what happened New Delhi announced it had located nearly 6 million tons of inferred lithium reserves near riyasi a some worth roughly 410 billion dollars if recoverable it would theoretically make India the country with the world's seventh largest deposits wasting no time the Modi government trumpeted the discovery as a boon for its decarbonization plan centered around the concept of artman and Burr or self-reliance the plan is intended to wean India off its dependence on Beijing which currently supplies three quarters of the world's Lithium-ion batteries lacking lithium resources India has had difficulty in manufacturing Industries for goods like phones and solar panels the ryasi discovery therefore grants India a chance to develop value-added Industries in emerging Technologies to this end New Delhi has offered a 2.2 billion dollar incentive scheme to enhance battery cell manufacturing and attract Mining and processing infrastructure investment demand for lithium has skyrocketed 30-fold since 2010 and is projected to grow again six times over the next two decades with electric vehicle demand to increase five-fold by 2050. in doing so India hopes to Source half its energy from Renewables by 2030 thereby reducing its emissions intensity of GDP by 45 New Delhi is also calling for climate Finance from the global North and the implications for global climate change mitigation are far-reaching since India is home to one-fifth of the world's population yet the deposits actual potential may not be all that electrifying critics have raised questions concerning the possible ecological geological and financial costs of extraction notably the new found lithium reserves fall under the category inferred which means more testing is required to determine its quality kashmir's lithium deposits took 26 years to go from reconnaissance to preliminary exploration status the two remaining faces General exploration and detailed exploration will likely take at least a decade so while the rayasi deposits may help India's decarbonization efforts they will not help Modi reach his 2030 targets lithium ore extraction is also inherently contentious Hard Rock mining centers around traditional Drilling and Blasting techniques the rock is then ground down roasted and put through acid leaching sodium carbonate is then added and the resulting mixture is slurried with calcium hydroxide to produce lithium hydroxide the material used in battery cells this processes arrived with ecological hazards it produces high levels of carbon in the short run and generates large amounts of waste rock tailings and chemical runoffs worryingly kashmir's ecosystem is already struggling with anthropogenic climate change and military activity shelling and The Dumping of non-biodegradable waste on the ciachin glacier has accelerated shrinkage meanwhile the use of Dos Medan Valley as an artillery firing range has brought havoc on its Meadows and logging in the Kashmir Valley has resulted in widespread deforestation now given the damage elithium extraction causes to Air and soil this could further threaten the surrounding forests and their Wildlife so any decarbonization benefit gained by extraction would have to outweigh the ecological costs and the economic benefits would have to outweigh the potential costs to kashmir's wildlife and nature dependent tourism industry beyond that lithium mining can cause subduction and since reyasi is prone to earthquakes of magnitude of eight or more if this combines with geological processes nearby mining could render the town unlivable as it already has elsewhere in the Himalayas from there the damage could spread through nearby vital infrastructures and Water Systems like the cell hydroelectric power project or the under construction Channel Railway Bridge nor is there any guarantee that an uptake in economic activity will benefit locals lithium extraction imposes High startup costs and requires specialist expertise and since New Delhi has announced it will auction off the lithium blocks to private firms they will likely be sold to foreign companies employing the expertise of foreign Nationals so all up new delhi's lithium announcement may have been made more in the hope that it could rescue India's lagging decarbonization strategy than in the expectation that it will but even if these barriers are surmounted kashmir's instability will continue to deter investment separatism has been endemic since 1947 and following new delhi's lithium Discovery separatist groups warned that any attempt to appropriate kashmiri lithium for Indian benefit would be met with violent resistance India's policy making thus faces contradictory challenges on the one hand it seeks to tighten its grip on Kashmir on the other heavy-handedness emboldened separatism which can unsettle the Region's economic life in 2019 New Delhi overturned the status quo and abrogated article 370 unilaterally ending Jammu and kashmir's special status thereafter the majority Buddhist sub-region of ladakh was detached from jamway and Kashmir and both are now administered as Federal territories along with electoral changes suppression of protests media censorship and internet blackouts most importantly though the abrogation of article 370 took away Jammu and kashmir's ability to make laws concerning land and settlement New Delhi has since earned marked large swathes of land for purchase and development leading to accusations of Hindu colonialism in recent years local kashmiris have seen their land rights taken away forced demolitions often without notice have now become commonplace making way for non-indigenous settlements on long-term leases including Indian industrialists developers and military personnel who already made up one-tenth of kashmir's population prior to 2019. demographics is a particularly thorny issue due to a potential U.N sponsored referendum on Kashmir status in the future implementing settlers will distort the results of such a vote since Hindus tend to favor Indian integration meanwhile the Muslim majority is split between Independence integration with India and integration with Pakistan all these developments cast doubt on modi's claim that the Crackdown has improved kashmir's investment climate though manufacturing investment and the creation of special economic zones have attempted to unlock kashmir's potential the security situation has dampened these Ambitions private investment in 2022 was at half its 2018 level with the steepest decline occurring even before the covid-19 pandemic perhaps the only robust statistic is the number of insurgent attacks which have remained largely constant since 2014. all up though India's lithium Discovery is welcome news any attempt to realize the country's renewable Ambitions will need to navigate ecological Financial geological and geopolitical obstacles and even if successful the payoff will not be immediate whatever happens the Project's long-term viability will remain subject to ongoing geopolitical issues in Kashmir and while New Delhi May believe that excessive force is the way to go sometimes it is precisely when a state tightens its grip that its Borderlands will slip through its fingers report if you have enjoyed this video please leave a like comment and subscribe for additional content and perks check out our patreon platform thank you for watching and so