India Signs Agreement For Lithium Exploration, Mining Project In Argentina
Indian state firm Khanij Bidesh India (Kabil) has signed a $24 million lithium exploration deal in Argentina. This marks the first-ever project involving the mining and exploration of lithium by an Indian government company. Kabil will conduct research and development on 15,703 hectares of land in Argentina's Catamarca province. The partnership aims to establish a resilient mineral supply chain for India and support sustainable industries. Argentina, along with Chile and Bolivia, forms the "Lithium Triangle" and possesses significant lithium resources. Kabil has gained exclusive rights to explore and exploit five blocks for commercial production if lithium minerals are found and evaluated.
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Frequently Asked Questions (FAQs)
India Signs Agreement For Lithium Exploration, Mining Project In Argentina
Which Indian company has signed the agreement for lithium exploration in Argentina?
Answer: Khanij Bidesh India (Kabil), an Indian state firm, has entered into a lithium exploration deal in Argentina.
What rights has India secured through this lithium exploration agreement?
Answer: India has secured rights to five blocks in Argentina for the purpose of lithium exploration and mining.
What is the significance of this agreement for India?
Answer: The agreement is significant for India as it will help the country strengthen lithium supplies, which is a critical resource for various industries, especially the burgeoning electric vehicle (EV) battery industry.
When was the agreement for lithium exploration signed?
Answer: The specifics of the date are not provided in the search results, but one of the articles mentioning the deal is dated January 16, 2024.
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