How is India planning to explore and develop lithium blocks in Argentina
India to pump in about ₹200 crore to explore, develop five lithium blocks in Argentina: Govt.
- The Indian government is planning to invest around ₹200 crore to explore and develop five lithium blocks in Argentina.
- Argentina has a significant reserve of lithium, which is a key component in the production of lithium-ion batteries used in electric vehicles and renewable energy storage systems.
- This investment is part of the Indian government's strategy to secure lithium assets globally, as demand for lithium is expected to rise with the growth of the electric vehicle market.
- The exploration and development of these lithium blocks in Argentina will be conducted by a consortium of Indian public and private sector companies.
- These companies will work in collaboration with the Argentine government and the Geological and Mining Survey of Argentina (SEGEMAR).
- The investment will not only ensure a steady supply of lithium for India's growing electric vehicle industry but also strengthen bilateral ties between India and Argentina.
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