India has signed an agreement with Argentina for the exploration and mining of five lithium blocks in Argentina, marking a significant milestone in reducing carbon emissions and reducing India’s dependence on China for lithium import.
The project, covering 15,703 hectares, will involve five lithium brine blocks. The central government aims to strengthen bilateral relations and contribute to sustainable development of the mining sector by providing an environment for critical minerals required for various industries. Lithium is crucial for energy conversion and battery energy storage systems, reducing pollution from diesel and petrol vehicles.
India has been dependent on countries like China, Australia, and Argentina for lithium, but the new deal could allow India to compete with China in lithium mining. In February, India announced reserves of 59 lakh tonnes of lithium in Reasi, Jammu, and Kashmir, which could reduce India’s dependence on China.
