India-Argentina sign MoU to boost critical minerals exploration with focus on lithium – EQ
In Short : India and Argentina have signed an MoU to strengthen cooperation in lithium and critical mineral exploration. This agreement builds on previous efforts, including India’s investment in lithium blocks in Argentina’s Catamarca province. The partnership aims to secure a stable lithium supply for India’s electric vehicle and renewable energy sectors, supporting its clean energy transition goals.
In Detail : India and Argentina have formalised a partnership to enhance cooperation in the exploration and development of critical minerals, particularly lithium. The agreement was signed on Wednesday (February 19) in the presence of Union Minister for Coal and Mines G Kishan Reddy and Raúl Alejandro Jalil, Governor of Catamarca, Argentina, the ministry said in a press note.
As per the statement from the Ministry of Mines, the countries discussed expanding collaboration in the mining sector, with a focus on lithium exploration and investment opportunities.
“A key highlight of the meeting was the signing of a Memorandum of Understanding between Mineral Exploration and Consultancy Limited (MECL), a PSU under the Ministry of Mines, and the Provincial Government of Catamarca, Argentina, which will pave the way for deeper collaboration in exploration and resource development of critical minerals,” the ministry said in its statement.
Argentina holds significant lithium reserves and is considered a key partner for India in securing essential raw materials required for electric vehicle batteries and renewable energy storage, the statement added.
The discussions also covered ongoing lithium exploration efforts by Khanij Bidesh India Ltd (KABIL) and Greenko in the Catamarca region. The two sides explored the scope for greater Indian participation in Argentina’s mining sector, including potential investment, long-term supply agreements and joint ventures.
The senior officials deliberated on policy frameworks, regulatory aspects, and sustainable mining practices, with the aim of ensuring a mutually beneficial partnership. The engagement also underscored the importance of knowledge exchange and infrastructure development to facilitate India’s involvement in Argentina’s mining industry.
This agreement comes amidst India’s broader efforts to secure critical minerals essential for its clean energy transition and electric mobility goals. The country has been actively seeking partnerships with mineral-rich nations to strengthen its supply chains in the sector.
