28 June, 2020
5 Min Read
GS- Paper-3 S&T (PT-M-IV)
Recently, the United Nations Conference on Trade and Development (UNCTAD) released a report ‘Commodities at a glance: Special issue on strategic battery and minerals’. The report facilitated research into battery technologies that depended less on critical raw materials and had the potential to provide higher energy density. Energy density is the amount of energy that can be stored in a given mass of a substance or system, i.e. a measure of storage of energy.
Uncertain Supply: The report highlighted that the supply of raw materials to produce rechargeable batteries is uncertain. Lithium, natural graphite and manganese are critical raw materials for the manufacture of rechargeable batteries.
Rising Demand: Integration of EVs- There has been a rapid growth in demand for rechargeable batteries due to the gradual integration of electric vehicles (EVs) in global transportation. The sales of electric cars have increased by 65% in 2018 from 2017 to 5.1 million vehicles and it will reach 23 million in 2030.
Increased Use of Raw Material: With the increasing number of EVs, the demand for rechargeable batteries and the raw materials used in them have also increased. The worldwide market for cathodes for lithium-ion batteries was estimated at $7 billion in 2018 and is expected to reach $58.8 billion by 2024.
The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as other sources of energy lose their importance.
Alternative sources of energy such as electric batteries are becoming more important as investors become sceptical of the future of the oil industry. There is a need to make a strategy for dynamic monitoring of the raw material cycles, from mining through processing, refining and manufacturing to recycling. It will facilitate early detection of supply risks and also enable the development of mitigation strategies at either company or national level.
India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi
Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be
Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight
The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.
Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is
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