Lohum's establishment of India's first battery-grade lithium refinery is a watershed moment, not just for the EV sector, but for the entire chemical industry. These 1,000 metric tonne capacity facilities address a critical vulnerability in India's supply chain, reducing dependence on China and paving the way for a more self-reliant and sustainable chemical ecosystem.

The timing of this development is crucial. China's recent export restrictions on lithium refining technology have exposed the risks of relying on a single source for critical materials. Lohum's refinery allows India to break free from this dependence, ensuring a secure and stable supply of battery-grade lithium, essential for the burgeoning EV and renewable energy sectors.

Several key advantages:

• Reduced Costs: Lohum's claim of achieving cost competitiveness with Chinese refiners is significant. It ensures access to affordable lithium, a key ingredient in various chemical processes and products. This cost advantage can boost the competitiveness of Indian chemical manufacturers, particularly those involved in battery production, pharmaceuticals, and specialized materials.

• Enhanced Domestic Supply Chain: The refinery strengthens India's domestic lithium supply chain, reducing reliance on imports and mitigating the risks associated with geopolitical uncertainties and trade disruptions. This stability is crucial for the chemical industry, which relies on a consistent and reliable supply of raw materials for uninterrupted production.

• Vertical Integration: Lohum's expansion into lithium refining complements its existing capabilities in producing Cathode Active Materials (CAM), further solidifying its position in the EV battery value chain. This vertical integration allows for greater control over quality, cost, and supply, benefiting both Lohum and its downstream customers in the chemical and EV sectors.

• Sustainability Focus: Lohum's commitment to sustainability through its lithium-ion battery recycling facilities aligns with the growing emphasis on circular economy principles within the chemical industry. By recovering critical minerals like lithium, nickel, and cobalt, Lohum contributes to resource conservation and reduces environmental impact, setting an example for responsible chemical manufacturing.

Lohum's strategic vision extends beyond domestic boundaries. Its partnership with ReElement Technologies and American Metals to build a facility in the U.S. demonstrates its ambition to become a global player in the lithium market. This international expansion not only strengthens Lohum's position but also enhances India's reputation as a leader in clean energy technologies.

The establishment of India's first battery-grade lithium refinery is a testament to Lohum's commitment to innovation and self-reliance. It marks a significant step towards building a robust and sustainable chemical industry in India, capable of supporting the nation's clean energy transition and driving economic growth. As India accelerates its push towards electric vehicles and renewable energy, Lohum's leadership in lithium refining will play a pivotal role in shaping the nation's green and self-sufficient future.