India and Australia to expand trade in lithium resources

India and Australia have, in a promise, decided to expand trade in lithium resources recently.Welcoming the development, Australian High Commissioner, Barry O'Farrell expressed his happiness. 

 While speaking at a session of the Indo-Australian Chamber of Commerce on Lithium, he said, “Both the countries stand to gain from the promise of expanding trade in lithium resources. Lithium, and Li-ion and other technologies can play a key role. Indeed, India's ambitious renewable energy targets have led to an expansion of its clean energy commitments," he said. 

"Lithium metal-based battery technologies will form the key component of the push for the rollout of EV and hybrid vehicle--and Australia and India both stand to gain from the promise of expanding trade in lithium resources,” O'Farrell added.