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India - lithium blocks in Argentina
December 29 , 2023
325 days
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- India is in the final stages of negotiations to secure a deal for the exploration and development of five lithium blocks in Argentina.
- After Australia, this is India’s second attempt to sign a foreign partnership for sourcing critical minerals.
- In 2022, India signed a MoU with Australia's Critical Minerals Facilitation Office (CMFO) to explore five blocks — two dedicated to lithium and three to cobalt.
- Argentina is home to 21 per cent of the global lithium reserves, which totals 98 million tonnes.
- This places Argentina second in the world, with Bolivia holding the top spot.
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