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Three reasons why India is overly dependent on China for lithium

China processes over two-thirds of global lithium. Until Indian firms begin investing in lithium refineries, the raw material will continue to be exported to China for processing.
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Three reasons why India is overly dependent on China for lithium​

09 June, 2026 03:14 pm IST

If you go by the relentless stream of headline events and claims, India under the Narendra Modi government seems all set to become self-sufficient in lithium-ion batteries, breaking free of China’s shackles and taking its rightful place in the battery-electric-vehicle revolution. But the reality is so underwhelming you’d be justified in reaching for a lithium pill to ward off depression.

The Productivity Linked Incentive (PLI) scheme, aimed at making India Atmanirbhar in advanced battery storage, has achieved less than 3 per cent of its target after five years, according to a study. In part, the gap exists because a chunk of the money was allotted to a gold exporter tainted by an alleged scam, rather than an actual battery maker. There have been zero bidders for the supposedly record-breaking lithium deposit found in Jammu and Kashmir, and no evident benefits from a slew of international agreements signed with fanfare by the Modi government.

The result: India’s lithium-ion battery imports jumped 57 per cent to $4.7 billion in 2025-26, most of it from China. The dependency increased ninefold since 2018, and it is only going to grow.

……
 
hydrabadi_arab said:
There is nothing to wow about. India services boom is about to end. Markets are telling you the future. Now tiny countries like Taiwan, South Korea have higher market cap then India thanks to AI.

Prepare for IMF program in 2030.
Click to expand...
I hope you're not being serious
 
冖_冖 said:
theprint.in

Three reasons why India is overly dependent on China for lithium

China processes over two-thirds of global lithium. Until Indian firms begin investing in lithium refineries, the raw material will continue to be exported to China for processing.
theprint.in theprint.in

Three reasons why India is overly dependent on China for lithium​

09 June, 2026 03:14 pm IST

If you go by the relentless stream of headline events and claims, India under the Narendra Modi government seems all set to become self-sufficient in lithium-ion batteries, breaking free of China’s shackles and taking its rightful place in the battery-electric-vehicle revolution. But the reality is so underwhelming you’d be justified in reaching for a lithium pill to ward off depression.

The Productivity Linked Incentive (PLI) scheme, aimed at making India Atmanirbhar in advanced battery storage, has achieved less than 3 per cent of its target after five years, according to a study. In part, the gap exists because a chunk of the money was allotted to a gold exporter tainted by an alleged scam, rather than an actual battery maker. There have been zero bidders for the supposedly record-breaking lithium deposit found in Jammu and Kashmir, and no evident benefits from a slew of international agreements signed with fanfare by the Modi government.

The result: India’s lithium-ion battery imports jumped 57 per cent to $4.7 billion in 2025-26, most of it from China. The dependency increased ninefold since 2018, and it is only going to grow.

……
Click to expand...
An Indian firm is moving into one of the hardest and most important parts of lithium-ion battery manufacturing: cathode active materials.

Indian Company Makes Breakthrough in Advanced LFP Battery Materials
www.autocarpro.in

Epsilon Launches Gen III LFP Cathode Material, Targeting US Battery Supply Chains | Autocar Professional

An India-based battery materials firm says its new lithium iron phosphate cathode meets US regulatory compliance standards and will scale to 30,000 tonnes annually by 2030.
www.autocarpro.in www.autocarpro.in
 

Three reasons why India is overly dependent on China for lithium​


The whole world is dependent on China on almost every manufactured object. Not sure what the point of the specific article is.

Regards
 
NeptunesVortex said:
Taiwan and South Korea are benefiting from the AI semiconductor boom. That's true.
But how does that prove India's services exports are ending? India's services exports hit record highs, rising to over $421 billion in FY26. GCCs, software, engineering, finance, consulting and business services continue to grow.
Click to expand...

Imagine being Saudi Arabia and thinking they will always sell oil to the world.

Thats what some of you are coping with right now. AI isn't decades away to replace must of IT services, only years.
 
hydrabadi_arab said:
Imagine being Saudi Arabia and thinking they will always sell oil to the world.

Thats what some of you are coping with right now. AI isn't decades away to replace must of IT services, only years.
Click to expand...
If you think companies sitting on billions of dollars in free cash flow is going up in smokes because AI is going to code faster, I got a bridge to sell you in Brooklyn.

In reality coding is not where you make money as a company, the faster you can code the more money you make. AI agents just landed them efficiency and speed, do you think Airbus is going to fire Tata Consultancy services because they have a Claude subscription? 😂
 
Bharat Forge should look at areas like InP wafers, specialty gases such as WF₆, SF₆, HBr, NF₃ and neon along with high purity quartz. These could be good opportunities in the semiconductor space.

Bharat Forge enters billion-dollar semiconductor industry, working with 3 of world's top 5 chipmakers: Baba Kalyani
 
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